• Oman

    • Inma Offers RO 20 million to Finance SME Projects

    By on January 15, 2023

    Muscat: The Small and Medium Enterprises Development Fund (inma) funded 144 small and medium projects in 2022 to the tune of RO 20 million.

    Saleh Hilal Al Ma’awali, CEO of inma’s fund said that 123 projects worth RO 16 were funded through inma fund’s headquarters at Muscat. Moreover, 9 projects worth RO 3 million were financed through the fund’s office at Sohar and 9 projects worth approximately RO 1 million through the fund’s office at Salalah.

    Al Ma’awali pointed out that the fund aimed to expand its funding services for SMEs in Oman and boost the contribution of those SMEs to the gross domestic product (GDP).

    He added that in order to encourage SME owners to continue their activities and operations, the fund had recently decided to extend the loan payment duration up to 8 years for most financing products offered by the fund.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.