Ahlibank, has launched its first Souq initiative aimed at supporting the growth and development of local SMEs. The initiative, which is the first of its kind in the bank’s history, is part of the bank’s commitment to aiding the overall socio-economic development in the region and is in line with Oman’s Vision 2040.
The ahlibank Souq, part of the bank’s Ramadan CSR programs, providing a platform for 40 SMEs from different sectors to showcase their products and services, supporting the local community’s development, youth projects, and female entrepreneurs. This comes as part of the bank’s commitment to support SMEs and facilitate their growth and expansion by providing them with the necessary exposure to a wider audience; contributing towards a brighter future for Oman’s economy.
Commenting on this initiative,Jumana Aflah Al Hashmi, Head of Marketing and Corporate Communications of ahlibank, said, “The ahlibank Souq marks a significant milestone in our commitment to supporting the growth and development of the Sultanate’s economy and community. By empowering local SMEs, we are not only contributing to achieving the Vision 2040 plan, but we are also investing in the future of our nation. We remain dedicated to driving positive change and building a brighter future for the Sultanate and are proud to take this step forward in our impactful community engagement roadmap.”
Supporting SMEs is not just a corporate social responsibility for ahlibank, but it is also considered as a duty being a leading bank in the Sultanate which contributes towards building a sustainable economy. SMEs are the backbone of any economy, and they play a vital role in creating job opportunities, driving innovation, and stimulating economic growth. therefore, we are committed to supporting the development of SMEs by providing them with the necessary financial and non-financial support.
ahlibank has been steadfast in its commitment to providing a conducive business environment for SMEs to thrive and grow. The bank has been providing various financial solutions, including loans and credit facilities, to SMEs across a range of sectors. This support has been critical in empowering entrepreneurs to pursue their business aspirations and contribute to the overall economic development of the community.
In addition to its focus on SME growth, ahlibank is also deeply committed to making a positive impact on the community. The bank has been supporting various community development projects and initiatives aimed at improving the quality of life of the people in the communities it serves. This includes sponsoring and supporting educational, cultural, and environmental initiatives that promote sustainable development.