‘Ruwad Sharakah Gathering’ attracts Omani businesses

Business Reporter –
Jan 3: Omani businesses that have received funding support from Sharakah gathered together for the annual ‘Ruwad Sharakah Gathering’ at the Shangri-La’s Barr Al Jissah Resort & Spa recently. The event was held under the auspices of Hani M al Zubair, Chairman of Fund for Development of Youth Projects. Also present were Khalid al Haraibi Deputy CEO of Riyada, Board Members of Sharakah, Sharakah staff and the supported SMEs.
The whole purpose of the event was to provide a platform for the supported businesses to network with each other and meet with board members and staff. In the past 6 years, Sharakah has provided financial support to about 60 projects.
Twenty of which have already paid back the finance amount, 38 are still maintaining a steady payment plan. The event was attended by 35 business owners and they have all appreciated this initiative from Sharakah.
Hani al Zubair, Chairman welcomed everyone and expressed his pride of what these businesses have achieved over the past few years. He added “This is an opportunity for us to get to know your businesses further and to understand what type of products or services you are offering.”
Issra, Owner and Founder of Mint Marketing also commented: ‘‘We find Ruwad Sharakah Gathering truly valuable as it aims to introducing SMEs to each other, explore more about the business practices and strategies and also to seek to collaborate on future business opportunities. I believe this kind of events should occur more frequently as it strengthens the ties between all SMEs and with Sharakah as well.”
“We find a noticeable variation in the nature of the small and medium enterprises supported by Sharakah. Some of the SMEs are operating in the industrial sector, others operating in the service sector and some of them are into the food and beverage sector as well.
This diversified nature of SMEs will allow all parties to exchange valuable knowledge in addition to find business opportunities in cooperating on commercial projects,” said Abdullah al Jufaili, General Manager, Sharakah.