Sohar International joins National Program Estidamah in establishing Omani Business Growth Fund

Sohar International joins National Program Estidamah in establishing Omani Business Growth Fund

Muscat: In line with its commitment to play a catalytic role in Oman’s economic growth and contribute to the nation’s diversification agenda aligned with Oman Vision 2040, Sohar International, the fastest growing bank in Oman, has joined hands with the National Program for Fiscal Sustainability and Financial Sector Development “Estidamah,” and the Embassy of the United Kingdom, to initiate the establishment of the Omani Business Growth Fund. The collaboration aims to strengthen the financial sector, enhance competitiveness, and expand access to tailored financing options in line with global best practices. The overarching goal of this initiative is to stimulate market growth and foster economic diversification, supporting Oman's long-term vision for sustainable development and economic prosperity.

The official signing ceremony, held within the framework of the 10th meeting of the Omani-British Strategic Group, symbolizes the unwavering commitment of both local and international stakeholders towards the prosperity of Oman. His Excellency Nasser bin Khamis Al Jashmi, President of the Tax Authority, led the Omani delegation, while Lord Gerry Grimstone headed the British delegation. Furthermore, the presence of His Excellency Dr. Khamees bin Saif Al Jabri, President of Oman Vision 2040 Implementation Follow-Up Unit, underscores the importance of this initiative in advancing the nation's