It is a program presented by the Oman Development Bank. The program aims to provide working capital that is used to cover daily operational expenses. Such as salaries, wages, transportation expenses, and procurement of raw materials. This is in order to maintain the flow of the production process and prevent its stoppage.
Ceiling of facilities: …
The amount offered is one million Omani rials for a period of one year and is renewable.
Targeted sectors:
The program targets several sectors. It is topped by: the health sector, The educational sector, The industrial sector, The agricultural sector, The livestock and fisheries sector, The mining sector. Waste treatment, … And the quarries.
Interest/Fees:
Interest rates are competitive. …
The administrative fees are 0.1% of the facilitation amount.
The required documents and papers:
Filling out the application form.
Providing guarantees.
An operational performance plan for the next 5 years.
Details of the contracts.
