Bahrain’s Tamkeen expands Enterprise Financing with 6 new Bank Partnerships

Bahrain’s Tamkeen expands Enterprise Financing with 6 new Bank Partnerships

Bahrain’s semi-autonomous government agency, Tamkeen Labour Fund, has signed new strategic partnership agreements with six more banks to provide comprehensive financial solutions to private sector enterprises.

The new agreement adds new support program partners including Bahrain Islamic Bank, Khaleeji Commercial Bank, Al Baraka Islamic Bank, Kuwait Finance House, Itmar Bank, as well as Al Salam Bank.

The signings are an addition to previously announced strategic partnership agreements with Bahrain Development Bank and Ahli United Bank.

These partnerships will enable the ventures to provide the capital needed to energize their development and growth locally and internationally. Tamkeen’s 2021-2025 strategy aims to maximize the impact on the economy in line with national economic priorities and market needs.

On this occasion, Mr. Hussein Mohammad Rajab, Chief Executive of Tamkeen, emphasized the role of Tamkeen in promoting investment, employment and training in all sectors with special emphasis on high potential areas, all of which are creating a positive wave impact across the national economy.

Welcoming the collaboration with financial institutions, Mr. Rajab stated that “We highly value these strategic partnerships with key players in Bahrain’s financial services sector to facilitate opportunities for growth and development for enterprises in the Kingdom. These financing schemes help companies achieve their business objectives,