Board of di­rec­tors of Al Raffd Fund meets

Muscat Daily - - NATION -

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.

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