National Finance extends partnership with Sharakah to support Omani SMEs

National Finance extends partnership with Sharakah to support Omani SMEs

Muscat: Through its partnership with Sharakah, National Finance, the leading diversified non-banking finance company in the Sultanate of Oman, completed a series of ‘Calculate it Right’ workshops for small and Medium Enterprises (SMEs) to help them enhance their financial management and planning skills.

The initiative was carried out under ‘Imtidad’, the company’s independent wing for corporate social responsibility for the fourth consecutive year. The sessions covered various aspects of financial management, such as project costs and sales assumptions. About 184 participants attended the five workshops that were held in Musannah, Sur, Nizwa, and Muscat.

Following the feedback gathered from the participants, National Finance and Sharakah have extended their partnership to launch a new initiative that will help six local micro and small enterprises improve their businesses. The programme, which is known as the SME Growth Programme, will provide them with a comprehensive package of financial management and marketing strategies.

Spanning over 12 months, the companies will identify areas where the local businesses can improve their operations and make them more profitable. They will then implement effective strategies and procedures to improve their business.

Ali Ahmed Muqaibal, Chief Executive Officer of Sharakah said, “We are pleased to extend the collaboration with National Finance. We believe