National Finance & Sharakah extend partnership to support SMEs

By Shilpa Annie Joseph, Official Reporter
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National Finance-Sharakah extend partnership
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National Finance, Oman’s leading finance company, has further strengthened its collaboration with Sharakah by extending support to six homegrown establishments under its Imtidad SME Growth Program 2024.

Through this initiative, the company aims to empower these entrepreneurs by helping them navigate challenges, seize opportunities, and realize business aspirations.

As per the statement, the Imtidad SME Growth Program 2024 garnered substantial interest, with over 156 passionate entrepreneurs from diverse sectors applying for support.

Tariq Al Farsi_National Finance digitizes payment method with Tasdeed
Tariq Al Farsi
CEO – National Finance

“As a company deeply rooted in the fabric of the country’s business landscape, National Finance recognizes the pivotal role SMEs play in driving our economy forward. Our dedication to supporting SMEs exemplifies our profound faith in the entrepreneurial spirit that fuels innovation and advancement within our nation. By empowering SMEs, we not only invest in the nation’s future but also nurture the very cornerstone of our economic prosperity.”

“Our collaboration with Sharakah epitomizes our shared vision of fostering SME growth and strengthening our economy’s resilience. Together, our goal is to embolden the next generation of entrepreneurs and business leaders, thereby fostering a thriving ecosystem,” Al Farsi added.

Following a rigorous selection process based on multiple criteria, 15 promising candidates were shortlisted, culminating in the selection of the final six. Among the selected SMEs are Sofred Mobility, TAWABIL, Fascano, Squad Up, Kuch Albun, and Oqood, underscoring the program’s commitment to supporting a diverse range of businesses.

Spanning 12 months, the program will identify areas for improvement, and drive essential enhancements in key aspects, to help the SMEs optimize business performance and achieve sustainable success.

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