Working in accordance with the government principles, Oman Development Bank (ODB) approved loans worth about RO 390 million to finance 40,000 projects undertaken by citizens across the Sultanate, including small and medium enterprises, in the last 12 years. This was stated by Hamed bin Salim al Harthy, Director of Assistance, ODB, during his discussion at the Symposium on Small and Medium Enterprises being held at Saih al Shamikhat in the Wilayat of Bahla.
"The ODB finances interest-free loans up to RO 5,000 and with simple guarantees, which comes to support of small and medium enterprises in the Sultanate," Al Harthy added. Meanwhile, the second day of the Symposium discussed yesterday two topics. The first topic focused on policies, legislations and regulations, while the second dealt with finance and investment.
Establish new laws | Oman Observer
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