Al Raffd, ASYAD sign MOU

MUSCAT: Al Raffd Fund and Oman International Logistics Group (ASYAD) signed a memorandum of understanding (MOU) to enhance the participation and growth of successful SMES in the logistics sector, which contribute to the national economy. The memo was signed by Tariq bin Sulaiman al Farsi, CEO of Al Raffd Fund, and Abdul Rahman bin Salim al Hatimi, CEO of ASYAD at ASYAD’S headquarters in Muscat.

The MOU comes within the framework of the support provided by the Al Raffd Fund for SME owners in general and the beneficiaries in the logistics sector in particular, in line with the aspirations to develop and support entrepreneurs in establishing institutions and companies that support the economic fabric by taking advantage of the services and advantages offered by ASYAD.

CEO of Al Raffd Fund, said, “The memorandum is part of the Fund’s role in supporting the logistics sector by encouraging beneficiaries in Al Raffd Fund to take advantage of the economic opportunities by contributing to enhancing the participation of successful SMES in the logistics sector, to establish and develop projects in this area in accordance with the approved terms and conditions, and facilitate the financing procedures for projects benefiting from the incubator (IBHAR ) of ASYAD under the Fund’s terms and conditions. — ONA