Oman’s ruler orders interest-free loans for entrepreneurs – ZAWYA

Oman’s ruler orders interest-free loans for entrepreneurs – ZAWYA

Oman's ruler orders interest-free loans for entrepreneurs Oman's ruler orders interest-free loans for entrepreneurs | ZAWYA MENA Edition HomeEconomyGCCArticleOman's ruler orders interest-free loans for entrepreneurs The loans will be given in accordance with terms set by the Supreme Committee    Omani Riyal. Image for illustrative purposes.To help businesses and startups navigate the setbacks they have faced due to the coronavirus, Sultan Haitham Bin Tarik, the ruler of Oman, has issued orders to roll out interest-free emergency loans to assist entrepreneurs in certain sectors.The programme will mostly benefit entrepreneurs whose businesses took the brunt of the pandemic, particularly holders of Riyada Card (for small and medium enterprises) and self-employed entrepreneurs, as well as beneficiaries of loans of Oman Development Bank and Al Raffd Fund.The loans shall be granted in accordance with terms and procedures set by the Supreme Committee.The programme will mostly benefit entrepreneurs whose businesses took the brunt of the pandemic, particularly holders of Riyada Card (for small and medium enterprises) and self-employed entrepreneurs, as well as beneficiaries of loans of Oman Development Bank and Al Raffd Fund.To help businesses and startups navigate the setbacks they have faced due to the coronavirus, Sultan Haitham Bin Tarik, the ruler of Oman,