Oman Economic Forum

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 19th March 2014

Content

• 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

Why SMEs? Why SMEs?

• 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

Al-Wathbah SME at bank muscatAl-Wathbah SME at bank muscat

What do we offer SMEs? What do we offer SMEs?

Financial Services

SME Finance: Funded : Overdraft, Loan, Advance (Others), Bill

Discounting, Letter against Trust Receipt, etc Non-Funded: Letter of Credits & Guarantees Government Guarantee Program with Ministry of

Commerce & Industry Program Lending products

Non Financial Services

al-Wathbah SME Non Financial al-Wathbah SME Non Financial ServicesServices

Workshops for SMEs

Seminars at different colleges of the country

al Wathbah Business Zone

CEO Mentorship program - joint efforts with Public

Authority of SMEs & Ministry of Commerce & Industry

Tours for the best SME practices

Participation with government initiatives i.e. government guarantee program, exhibitions, sponsorships, etc.

al-Wathbah Businesswomen’s al-Wathbah Businesswomen’s initiativesinitiatives

al Wathbah Businesswomen’s Forum: dedicated web page for business women to network and market their products / services.

Other initiatives: *Al Wathbah Ramadhan Souq *Networking events

2014: 2014: Upcoming Initiatives/Way ForwardUpcoming Initiatives/Way Forward

al Wathbah SME Academy

al Wathbah Businesswomen’s Advisory Forum

al Wathbah SME TV

al Wathbah Business Women Annual Event / Award

al Wathbah SME Souq

Mentoring Entrepreneurs

al Wathbah Centers / Desks

Workshops & networking events across the country

Thank You