Al Khalij Commercial Bank (al khaliji) has launched a media campaign for its Al Dhameen Guarantee Programme, which provides project financing for Qatar’s growing number of small and medium-sized
enterprises (SMEs).
Al Dhameen is an indirect loan facility established by Qatar Development Bank (QDB) to guarantee commercial bank loans to private sector companies.
The launch of the campaign comes after QDB and al khaliji signed an agreement to enable interested enterprises and startup companies in the fields of manufacturing, education, tourism, healthcare, and value-added services to be part of the programme and obtain funding.
Through Al Dhameen Guarantee Programme, companies can get finance from up to 85% of the project cost with a
preferential interest rate.
As part of its commitment to supporting Qatar’s SME sector, the Al Dhameen programme helps SMEs establish a credit history with banks for future credit facilities without the need for large collateral and encourages financial institutions to understand the importance of Qatar SMEs and develop closer business
relationships with them.
Al khaliji Group CEO Fahad al-Khalifa said: “Al khaliji bank supports the State of Qatar’s development strategy and aims to help build the country’s diversified economy and sustaining financial prosperity. The programme is a clear indication of al khaliji’s commitment to enhance the local economy and help in achieving the Qatar
National Vision 2030.”
He added: “We are hoping that our campaign, in cooperation with QDB, will enhance the private sector and entrepreneurial capabilities and innovation and create more opportunities for the next generation.”