Bank Nizwa Signs SME Training & Knowledge Partnership in Oman
A new agreement will support SME training and capacity building through banking expertise.
Bank Nizwa, an Oman-based Islamic bank, has signed a memorandum of understanding with the Small and Medium Enterprises Development Authority to support training, knowledge exchange and professional development across the SME sector.
The agreement was signed by Tariq Atiq and Halima bint Rashid Al-Zari, and outlines a programme focused on building technical and operational capacity.
The initiative includes training for authority employees, alongside an exchange programme offering exposure to key banking functions such as risk evaluation, financing structuring and portfolio management.
“This programme represents a significant step toward strengthening an effective strategic partnership between the two parties, contributing to the empowerment of SMEs and enhancing their role in the national economy,” Tariq Atiq said. “We believe this initiative will open new avenues for knowledge exchange and capacity building, creating tangible added value for this vital sector.”
The collaboration forms part of broader efforts to align financial sector initiatives with national priorities under Oman Vision 2040, with a focus on supporting entrepreneurs and enabling sustainable business growth.
Bank Nizwa said its partnerships are designed to integrate Sharia-compliant financing tools with development programmes, particularly across priority sectors including education, healthcare, tourism and food security.
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