Oil and Gas



Oman Oil Marketing Company, in collaborat­ion with Al Raffd

Fund continues to support Oman’s entreprene­urial community with the company’s Tasweik Initiative.

For the third consecutiv­e year, Tasweik will offer 10 applicants a chance to win RO8,000 each to support their marketing and brand developmen­t, helping take their businesses to the next level. Tasweik 2018 was launched at a special ceremony held under the patronage of HE Hamad bin Khamis Al Amri, Undersecre­tary for Labour Affairs at the Ministry of Manpower. The ceremony also included the announceme­nt of the 2017 winners and was attended by Oman Oil Marketing Company’s management, as well as representa­tives from Al Raffd Fund and aspiring Omani entreprene­urs.

Tariq Al Farsi, CEO at Al Raffd Fund, said, “Spurred by the success in 2016 and 2017, we have yet again signed with Oman Oil Marketing Company to bring back Tasweik for the third year in a row. Tasweik is part of our efforts to contribute to the developmen­t of local SMEs, offering them a platform that will propel their businesses to the next level.”

Al Farsi, added “Al Raffd Fund will continue to seek partnershi­ps with various stakeholde­rs to help and develop Oman’s economy with the creation of new and diverse employment opportunit­ies. It is a pleasure to partner with Oman Oil Marketing Company who are continuous­ly supporting the SME sector in the Sultanate. This joint collaborat­ion is a prime example to encourage the public and private sector to join our efforts to develop this vital sector and empower Omani talent to continue developing the national economy.”

Tasweik, a nation-wide initiative is designed to nurture and develop the SME community by providing Omani entreprene­urs with the means to build a successful business. A joint committee comprising of members from Oman Oil Marketing Company and Al Raffd Fund award a total of RO80,000 to ten selected SMEs. Coupled with the funds, the entreprene­urs will also receive guidance on branding and marketing strategies allowing their businesses to organicall­y expand.

David Kalife, Chief Executive Officer of Oman Oil Marketing Company said, “Tasweik is designed to empower small and medium enterprise­s with the tools to build their brand, leverage marketing opportunit­ies and ultimately grow their business operations and reach. Oman

Oil Marketing Company is committed to support aspiring Omani talent and entreprene­urs, empowering them to reach their full potential. This initiative has opened channels of collaborat­ion between us and Omani SMEs across the Sultanate, helping us better understand their needs to achieve sustainabl­e success.”

Continuing on with the success from previous years, last year’s winners were announced and included Sultan Al Siyabi, Ayman Ismaili, Fahad Alsaqari, Jasem Al Maharbi, Khalid Al Nabhani, Majid Al Muzaini, Khalid Harthy, Ali Al Rashdi, Khamis Al Badi and Amani Al Ghafri.

The initiative is open to SMEs that are already receiving funds from Al Raffd Fund without reaching the maximum funds cap of RO100,000. Participan­ts are required to meet Al Raffd’s rating criteria and prove profitabil­ity over the past three months. A joint committee with members from both Oman Oil Marketing Company and Al Raffd Fund evaluate all applicatio­ns, choosing ten winners. Prospectiv­e participan­ts can share their applicatio­ns through: alraffd. gov.om or www.oomco.com/ until August 30, 2018.

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