Oman Economic Forum Small and Medium Enterprises Creating
- Slides: 10
Oman Economic Forum “Small and Medium Enterprises: Creating Employment Opportunities & Inspiring Innovation” al-Wathbah SME Development at bank muscat By: Ilham Al Hamaid AGM- SME Credit & Marketing & Regional Corporates 19 th March 2014
Content Why SMEs? Brief on al-Wathbah SME at bank muscat al Wathbah SME Initiatives / Way forward
Why SMEs? • SME is a driving force for economic growth and job creation • SMEs drive & shape innovation, speed-up structural changes, introduce competition and contribute to the productivity. • Country’s approach to support and develop SMEs
Al-Wathbah SME at bank muscat • SME at bank muscat since last 20 years • Independent department headed by AGM • 43 team members distributed between small, mid and regions • ARMs across the country • Specialized products and services
What do we offer SMEs? q Financial Services SME Finance: ü Funded : Overdraft, Loan, Advance (Others), Bill Discounting, Letter against Trust Receipt, etc ü Non-Funded: Letter of Credits & Guarantees ü Government Guarantee Program with Ministry of Commerce & Industry ü Program Lending products q Non Financial Services
Non-Collateral Products Contract & Supply Finance Program Purchase Order Finance Receivable Finance Asset Finance Program
al-Wathbah SME Non Financial Services Ø Workshops for SMEs Ø Seminars at different colleges of the country Ø al Wathbah Business Zone Ø CEO Mentorship program - joint efforts with Public Authority of SMEs & Ministry of Commerce & Industry Ø Tours for the best SME practices Ø Participation with government initiatives i. e. government guarantee program, exhibitions, sponsorships, etc.
al-Wathbah Businesswomen’s initiatives Ø al Wathbah Businesswomen’s Forum: dedicated web page for business women to network and market their products / services. Ø Other initiatives: *Al Wathbah Ramadhan Souq *Networking events
2014: Upcoming Initiatives/Way Forward Ø al Wathbah SME Academy Ø al Wathbah Businesswomen’s Advisory Forum Ø al Wathbah SME TV Ø al Wathbah Business Women Annual Event / Award Ø al Wathbah SME Souq Ø Mentoring Entrepreneurs Ø al Wathbah Centers / Desks Ø Workshops & networking events across the country
Thank You
- National association of small and medium enterprises
- Bulgarian sme promotion agency
- Office of small and medium enterprises promotion
- Features of macro enterprises
- Hot media cold media
- Work improvement in small enterprises
- Medium medium 35m newton
- Small star life cycle
- Small effect size
- Stars with small and medium mass
- How you manage and monitor small medium business operation