QNB, Qatar Development Bank sign agreement on Al-Dhameen updated program – The Peninsula

QNB, Qatar Development Bank sign agreement on Al-Dhameen updated program – The Peninsula

QNB, the largest financial institution in the Middle East and Africa, signed an agreement for “Al-Dhameen” updated program in partnership with Qatar Development bank, being one of the leading programs that encourage banks to finance businesses and projects that have a high success rate without the need to give any guarantees and documents of eligibility.

The signing of this agreement came after Qatar Development Bank announced that it has enhanced Al-Dhameen program, after a decade of success providing guarantees that exceeded a billion Qatari riyals, for local companies.

The program was updated to include start-ups, small, medium and micro companies, and to facilitate the speed of the required procedures. It also includes a higher profit rate for all companies and does not require a percentage from entrepreneurs or investors.

Commenting on this, Yousef Mahmoud Al Naama, Executive General Manager & Group Chief Business Officer said: “We are proud to be part of the development of the “Al-Dhameen” program, one of the most supporting programs for projects and companies and a new method of support for startups, and small and medium enterprises. As one of the leading banks in the country in the small and medium-sized companies sector, we are pleased to share our