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Oman News

Oman’s Inma funds 75 projects worth OMR 9 million

Inma, Oman’s Small and Medium Enterprises Development Fund, provided funding worth OMR 9 million to 75 small and medium projects in the first half of 2023.

TAS News Service

info@thearabianstories.com

Tuesday, September 12, 2023

MUSCAT : Inma provided funding to small and medium enterprise projects in the services, transportation, logistics, infrastructure, oil and gas, trade, industry and tourism sectors.


The Fund has extended the repayment period of loans for small and medium enterprises to 8 years for most of the financing products, namely asset financing, project financing, invoice discounting, and working capital financing.


It is noteworthy that the total amount allocated to finance institutions for the current year amounts to OMR 20 million, distributed among the Fund’s branches in Sohar, Salalah and Muscat.

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