Zubair SEC, Bank Muscat sign deal to boost small businesses in Oman

Muscat: In a thrust to promote entrepreneurial initiatives in the Sultanate, Bank Muscat and Zubair Small Enterprises Centre (Zubair SEC), signed a Memorandum of Understanding (MoU), to extend support to entrepreneurs and owners of small businesses.
The MoU between the two leading establishments was signed at the bank’s head office by Waleed bin Khamis Al Hashar, Deputy Chief Executive Officer of Bank Muscat, and C. S. Badrinath, Chief Executive Officer of Zubair Corporation, in the presence of top management executives from both sides.
Al Hashar said: “Bank Muscat is proud to join hands with Zubair SEC to support SMEs in Oman. The main objective of the bank’s SME strategy is to complement the government efforts in empowering entrepreneurs to chart successful business ventures by providing necessary training, guidelines and tools.
Commenting on the MoU, Mohammed bin Mubarak Al Hasani, Chief of Corporate Communications at the Zubair Corporation, said: “Collaboration with key contributors to the SME sector’s development in the Sultanate lies at the heart of Zubair SEC’s strategy, as we believe strongly in the importance of synchronising efforts towards extending best support and opportunities for the Omani entrepreneurs. We are very pleased to sign the MoU with Bank Muscat, which opens further channels of support to SMEs approaching both sides.”