Oman Arab Bank’s Tumouhi set to boost SME growth in the Sultanate

Oman Arab Bank’s Tumouhi set to boost SME growth in the Sultanate

Muscat: Oman Arab Bank (OAB) has further strengthened its support to the pivotal role of Small and Medium-sized Enterprises (SMEs) in Oman with the announcement of Tumouhi. Launched under the patronage of HE Dr. Nasser bin Rashid Al Mawali, Undersecretary of the Ministry of Economy, the program is targeted towards helping the nation’s SMEs thrive in a sector already enjoying vibrant growth in the country.

Tomouhi customers will have access to comprehensive solutions and financial services, including a suite of offers and discounts with various strategic partners across telecommunications, legal, transport, accounting and cybersecurity industries. It will also unlock a range of exclusive benefits to create a comprehensive ecosystem for SMEs, with waived fees for online banking and cheque books, competitive rates on car loans and POS machines as well as a complimentary Advantage Debit Card for business owners. In addition, through tie ups with subject matter experts and specialists, the SMEs will benefit from a variety of free workshops on how to run a successful enterprise. Topics include financial literacy, entrepreneurship training, governance and compliance and business communications.

Sulaiman Al Hinai, General Manager of Wholesale Banking Group at Oman Arab Bank, said: “SMEs are the lifeblood of any healthy economy and