OAB Hosts Financial Management Workshop for SMEs in Salalah

Muscat, August 25, 2019: As part of its continued effort to support the development of small local businesses as well as to foster long-lasting partnerships with these companies, Oman Arab Bank (OAB) recently hosted its second SME Financial Management Workshop of the year in Salalah.

Commenting on the workshop, Al Salt Al Kharusi, the Head of Corporate and Institutional Banking Group said, “The growth and development of the SME sector is critical to the country’s diversification efforts. To this end the government and local banks have put in place several products and facilities to help support them along the way. However, not all business owners and budding entrepreneurs are fully aware of how to best make use of these facilities. This workshop was developed exactly for this purpose, helping them establish a strong foundation for themselves and efficiently leverage every tool at their disposal to guarantee business success.”

The SME Financial Management Workshop was held at the Bank’s branch in Salalah and saw an attendance of over 25 entrepreneurs and staff from several SMEs operating in the Dhofar region. As with the workshop conducted last month at the OAB Headquarters in Ghubrah, the workshop focused on how to manage business finances and provided SME’s with a deeper insight into the various financial products and services available to them, both from the Bank as well as from the government and other financial institutions. It also showcased how to best make use of these tools and when. The workshop was conducted by Mohammed Zadjali from the Capital Market Authority and was overseen by the Bank’s SME team.

“Building business relationships and establishing long-lasting synergies are key pillars of our operational strategy here at OAB. This is especially true for SMEs, where we endeavour to impart our knowledge and expertise to them in order to maximize their chances for success,” added Jamal Al Wahaibi, Head of the SME Department.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the Bank operates a nationwide network of 65 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking, corporate banking and investment clients.