Al Khalij Commercial Bank (al khaliji) QSC, next generation bank, launched a media campaign for Al Dhameen Guarantee Program to provide project financing for Qatar’s growing number of Small and Medium Enterprises (SME).
Al Dhameen is an indirect loan facility established by QDB to guarantee commercial bank loans to private sector companies. al khaliji Group CEO, Fahad Al Khalifa, giving full support to the Al Dhameen guarantee programme, said:
al khaliji bank supports the State of Qatar’s Development Strategy and aims to contribute to building the country’s diversified economy and sustaining financial prosperity. The programme is a clear indication of al khaliji’s commitment to enhance the local economy and help in achieving the Qatar National Vision 2030. We are hoping that our campaign, in cooperation with QDB, will enhance the private sector and entrepreneurial capabilities and innovation, and create more opportunities for the next generation.’
The launch of the campaign comes after a previous groundbreaking agreement signed between the QDB and al khaliji bank enabling interested enterprises and startup companies who have or are planning projects in Manufacturing, Education, Tourism, Healthcare and value added Services, to be part of the programme and obtain the required funding.
Through Al Dhameen Guarantee Program, companies under many sectors including manufacturing industry, health, education and tourism can get finance up to 85% of the project cost with a preferential interest rate.
As part of its commitment to supporting the SME sector in Qatar, Al Dhameen program helps SME’s establish a credit history with banks for future credit facilities, without the need for large collateral, and encourages financial institutions to understand the importance of Qatar SME’s, and develop closer business relationships with them.
To apply for Al Dhameen financing facilities and fund your business plans with ease, you can call 4494 0000.