Sharakah continues providing services and support to SMEs

Business Saturday 25/July/2020 15:45 PM
By: Times News Service
Sharakah continues providing services and support to SMEs

Muscat: Sharakah continues providing its financial and advisory services and support to SMEs during the current pandemic that has adversely affected the world and global health system and economies have faced the brunt.
Sharakah stands by the country during Covid-19 pandemic and has made an initiative to support the Omani SMEs to overcome the challenges of the impact of the Corona pandemic, by offering consultation and guidance in addition to benefits and relaxations to its SME clients, including deferment of payment to eligible SMEs with no additional charges.
Sharakah adopts to the new situation and maintains contacts with its SME clients and conducts regular meetings using the new technologies, intending to provide the needed guidance and support. Besides, Sharakah recently held its first virtual 'Calculate it Right' workshop with collaboration with National Finance Company. Besides, Sharakah has recently announced the commencement of its new workshop titled “Zaad Al Ruwad” in collaboration with BP Oman. This new workshop will also be conducted online and it will be a simulation of the real business opportunities and challenges and the way to deal with it.
It is worth mentioning that Sharakah provides three different services, one is building awareness about entrepreneurship by conducting workshops and participating in local and international events, besides there are the advisory services through which projects are evaluated to improve their performance to ensure the sustainability of these businesses, also, Sharakah offers financial support, through three different schemes named Equity, Term loans and Bill Discounting, more details about Sharakah’s customised financial solutions in the website
Since establishment, Sharakah has supported more than 200 SMEs from different governorates and in different sectors. Sharakah aims to support Oman’s vision to diversify the economy, by encouraging the creation of SMEs and developing and assisting in creating sustainable SMEs as they are the most dynamic drivers for the economy
Regarding the facilities provided to Sharakah's clients, Umaima Al-Ghadani, Investment Manager at Sharakah commented, “Sharakah seeks to support the SMEs by providing the necessary financial and advisory support, we advise entrepreneurs to maintain flexibility to be adaptable to various situations, as well as reviewing and amending the strategies and plans of their projects in line with the current situations, and most importantly is to maintain health and safety procedures and measures to all staff and clients.”