QNB, QDB sign partnership agreement on ‘Al-Dhameen’ updated programme

QNB, QDB sign partnership agreement on ‘Al-Dhameen’ updated programme

QNB has signed an agreement for ‘Al-Dhameen’ updated programme in partnership with Qatar Development Bank.

Al-Dhameen is one of the leading programmes that encourage banks to finance businesses and projects that have a high success rate without the need to give any guarantees and documents of eligibility.

The signing of this agreement came after QDB announced that it has enhanced Al-Dhameen programme, after a decade of success providing guarantees that exceeded QR1bn for local companies.

The programme was updated to include start-ups, small, medium and micro companies, and to facilitate the speed of the required procedures. It also includes a higher profit rate for all companies and does not require a percentage from entrepreneurs or investors.

Commenting on the QNB-QDB agreement Yousef Mahmoud al-Naama, executive general manager and group chief business officer said, “We are proud to be part of the development of the ‘Al-Dhameen’, one of the most supporting programmes for projects and companies and a new method of support for startups, and small and medium enterprises.

“As one of the leading banks in the country in the small and medium-sized companies sector, we are pleased to share our partnership with Qatar Development Bank to update the Al-Dhameen programme, which comes