Tamkeen launches updated Riyadat financing program for Bahraini women | THE DAILY TRIBUNE | KINGDOM OF …

Tamkeen launches updated Riyadat financing program for Bahraini women | THE DAILY TRIBUNE | KINGDOM OF …

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The Labour Fund, Tamkeen, has stepped up its efforts to provide Bahraini women with financial assistance so they can start, grow, and expand their businesses.

The updated Riyadat program was launched yesterday at a press conference organised by Tamkeen, in partnership with the Supreme Council for Women (SCW) and the Bahrain Development Bank (BDB).

Through the updated program, Tamkeen will incentivise a percentage of the profit payable by small, medium and large enterprises, depending on the support track. The profit subsidy increases when the amount is paid regularly within five years, as per the terms and conditions of the program, in addition to providing advisory services to the supported enterprises.

The financing amount can be used for fixed assets, to cover operating expenses, enhance the products and services offered by enterprises, and obtain licenses and other necessary requirements needed by the enterprise to grow and expand its operations, in addition to supporting marketing activities.

Applications to the updated Riyadat Program will open on 1 January through Bahrain Development Bank.

Praise for support

SCW Assistant Secretary General Shaikha Deena bint Rashid Al Khalifa praised the ongoing support provided by Tamkeen and the BDB that caters to the establishment and growth of