Bank Muscat, the flagship economic solutions provider in the sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to strengthen help to tiny and medium enterprises (SMEs), has enrolled new batches at Al Wathbah Academy targeting entrepreneurs in Muscat and Sharqiyah governorates.
The Al Wathbah Academy session commenced in Muscat with 14 entrepreneurs although the new session started in Sur with 16 entrepreneurs. The coaching programme is targeted at Omani entrepreneurs advertising 100 per cent Omani-owned SME enterprises with current connection with Bank Muscat. The enterprise is necessary to have a track record of profitability more than the final two to 3 years.
Fatma al Maskiry, AGM – SME Credit and Marketing, stated, “Bank Muscat is proud to support the country’s youth in the development of successful SMEs. The unique Al Wathbah Academy programme is widening its reach to benefit entrepreneurs in Sharqiyah governorate following successful programmes in Muscat, Sohar, Salalah and Nizwa. The programme reflects the bank’s commitment to sustainable development, strengthening the role of SMEs in the economic development of Oman. Al Wathbah Academy programmes across Oman impart the required skills and guidance for entrepreneurs drawn from diverse fields to embark on successful SME business ventures. The programme leads to accredited international certification by Project Management Institute (PMI).”
The Al Wathbah Academy was launched by the bank in 2014 as element of its Corporate Social Responsibility (CSR) initiative to equip youth with self-employment abilities. A total of 72 entrepreneurs have graduated from the SME Academy till date and are effectively following their enterprise dreams, contributing to the country’s progress and improvement. Notably, the SME coaching programme is benefiting entrepreneurs across the regions to obtain the necessary ability set and information to chart effective enterprise ventures.
The bank’s Al Wathbah SME division gives a extensive suite of tailor-produced finance options and non-economic solutions targeted at tiny and medium enterprises. Credit facilities, each quick-term and lengthy-term in nature, are accessible to all sectors. Further help is extended via non-economic solutions in locations of education, coaching, networking possibilities and workshops. Serving as developing blocks for current and potential entrepreneurs, all these initiatives assume significance in the backdrop of the priority accorded to create the SME sector in Oman.
Information Source: Muscat Daily