Muscat – Salah bin Hilal Al Maawali, CEO of the Inma Fund, highlighted the impact of royal directives from His Majesty Sultan Haitham bin Tarik, which include adopting the Industrial Strategy 2040 and launching an incentive program to support SMEs. These initiatives are set to drive economic diversification and promote industrial innovation in the Sultanate.
He pointed out that the Fund provides all necessary facilities to SME owners, creating a stimulating environment that enables their effective participation in the development of the national economy.
He emphasized that the Inma Fund’s approach is based on four key pillars: entrepreneurship development, project financing, monitoring and guidance, and providing a suitable environment.
The Inma Fund has extended the loan repayment period to up to 8 years for most of its financing products, including asset financing, project financing, invoice discounting, and working capital financing. The financing ceiling ranges from RO 50,000 to RO 500,000, with up to RO 3 million available for large projects.
Since its inception, the Inma Fund has supported numerous national projects that have achieved notable success, thereby contributing to the national economy. The fund has also played a crucial role in fostering a culture of entrepreneurship among Omani youth, encouraging them to launch their own business ventures.
For the current year, the Inma Fund has allocated RO 25 million specifically for financing small and medium enterprises, further solidifying its role in supporting the SME sector in Oman.
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