New SME development programme launched in Oman
Published: 02:07 PM,Jul 10,2024 | EDITED : 06:07 PM,Jul 10,2024
The two initiatives come as a commitment from OAB to support SMEs, which are an essential pillar for economic growth and ambitious diversification trends in the Sultanate of Oman.
Muscat: To continue its innovative initiatives in supporting entrepreneurs and their projects to achieve broad growth, Oman Arab Bank (OAB) announced the launch of two new initiatives: a training programme for developing Small and Medium-sized Enterprises (SMEs), and a specialized electronic banking platform to simplify financial services for entrepreneurs, under the auspices of Halima bint Rashid al Zari, Chairperson of Small and Medium Enterprise Development Authority.
The two initiatives come as a commitment from OAB to support SMEs, which are an essential pillar for economic growth and ambitious diversification trends in the Sultanate of Oman.
In his speech during the inauguration ceremony, Sulaiman al Harthi, CEO of Oman Arab Bank, said: “Assisting business performance, unleashing the growth potential of the local business community, and creating a thriving ecosystem for entrepreneurship and emerging companies are pivotal factors for raising the competitiveness of the national economy, improving its growth on a sustainable and diversified basis, and enabling young people to participate in achieving the ambitious goals of Oman's future vision.
As part of its national responsibility to contribute to implementing these ambitions, OAB has made a huge effort through its initiatives to build national capabilities and qualify human resources as part of its long-term sustainable growth strategies.
These initiatives have achieved tangible success in supporting efforts to empower youth, hone national talent, and prepare future leaders. It includes unique programmes, including the “Ruwad Al Arabi for Leadership Development”, the “Ruwad Al Arabi Programme for Empowering and Training Youth,” and the “Tumouhi” programme, which provides a seamless experience for small and medium enterprises, by providing an integrated ecosystem.
He added: “To continue the initiatives of OAB, we are pleased to announce the launch of the SME development workshops programme, and the electronic platform designed specifically for financial services for entrepreneurs. The two initiatives fall within the integrated activities of the “Tumouhi” programme, which aims to develop young people to lead their businesses.”
Al Harthi stressed OAB’s commitment to the continuous development of its banking services and initiatives that work to create a positive and sustainable impact on society and the business environment, which supports the progress achieved by the government’s efforts in supporting entrepreneurship and what Oman achieved in its ranking in the Global Entrepreneurship Monitor report.
Sulaiman al Hinai, Chief wholesale banking officer at OAB, said: “The advanced banking services provided by OAB contribute significantly to managing the financial affairs of SMEs, allowing them to focus on growth.
As supporting entrepreneurship activities and empowering youth are a priority, thus comes the launch of the training programme for developing SMEs, which includes a series of workshops designed to enable entrepreneurs to succeed and expand by providing them with knowledge, principles, and foundations of financial management, the best practices and tools that SMEs need to improve their performance, support decision-making and achieve sustainable growth.”
The two initiatives come as a commitment from OAB to support SMEs, which are an essential pillar for economic growth and ambitious diversification trends in the Sultanate of Oman.
In his speech during the inauguration ceremony, Sulaiman al Harthi, CEO of Oman Arab Bank, said: “Assisting business performance, unleashing the growth potential of the local business community, and creating a thriving ecosystem for entrepreneurship and emerging companies are pivotal factors for raising the competitiveness of the national economy, improving its growth on a sustainable and diversified basis, and enabling young people to participate in achieving the ambitious goals of Oman's future vision.
As part of its national responsibility to contribute to implementing these ambitions, OAB has made a huge effort through its initiatives to build national capabilities and qualify human resources as part of its long-term sustainable growth strategies.
These initiatives have achieved tangible success in supporting efforts to empower youth, hone national talent, and prepare future leaders. It includes unique programmes, including the “Ruwad Al Arabi for Leadership Development”, the “Ruwad Al Arabi Programme for Empowering and Training Youth,” and the “Tumouhi” programme, which provides a seamless experience for small and medium enterprises, by providing an integrated ecosystem.
He added: “To continue the initiatives of OAB, we are pleased to announce the launch of the SME development workshops programme, and the electronic platform designed specifically for financial services for entrepreneurs. The two initiatives fall within the integrated activities of the “Tumouhi” programme, which aims to develop young people to lead their businesses.”
Al Harthi stressed OAB’s commitment to the continuous development of its banking services and initiatives that work to create a positive and sustainable impact on society and the business environment, which supports the progress achieved by the government’s efforts in supporting entrepreneurship and what Oman achieved in its ranking in the Global Entrepreneurship Monitor report.
Sulaiman al Hinai, Chief wholesale banking officer at OAB, said: “The advanced banking services provided by OAB contribute significantly to managing the financial affairs of SMEs, allowing them to focus on growth.
As supporting entrepreneurship activities and empowering youth are a priority, thus comes the launch of the training programme for developing SMEs, which includes a series of workshops designed to enable entrepreneurs to succeed and expand by providing them with knowledge, principles, and foundations of financial management, the best practices and tools that SMEs need to improve their performance, support decision-making and achieve sustainable growth.”