HM issues orders for interest free loans to entrepreneurs

Muscat: Within the context of Royal concern about the impacts of coronavirus on the economic situation in the Sultanate, His Majesty Sultan Haitham Bin Tarik has issued orders to authorising a programme of interest-free emergency loans to assist some segments of entrepreneurs whose businesses took the brunt of the pandemic, particularly holders of Riyada Card (for small and medium enterprises) and self-employed entrepreneurs, as well as beneficiaries of loans of Oman Development Bank and Al Raffd Fund.
The loans shall be granted in accordance with terms and procedures set by the Supreme Committee, said a statement issued by the panel.
In its statement, the Supreme Committee prayed to the Almighty Allah to protect His Majesty the Sultan and keep him as a valuable resource for Oman and its loyal people.