Board of directors of Al Raffd Fund meets
Muscat - The board of directors of Al Raffd Fund on Wednesday held its second meeting for the year under the chair of H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry and chairman of the board.
The board stressed the continued efforts to follow up and support the entrepreneurs financed by the fund to ensure the continuity of their projects and maintaining new job opportunities, so that they pay installments of their loans on time.
The board approved a cooperation agreement with Oman Housing Bank, which deals with the facilitation of housing loans for entrepreneurs and holders of facilities from the fund.
The board approved an agreement with Oman Air to provide facilities for entrepreneurs, including the reduction of ticket and shipping prices and an agreement with Sandan Company to provide industrial workshops for beneficiaries of Al Raffd Fund at special prices.
The fund’s loan portfolio at the end of May 2017 indicates that 1,698 projects were funded in all governorates of the sultanate covering various economic sectors. It provided 3,238 job opportunities for Omani youth registered in the Public Authority for Social Insurance.