Oman’s premier fund for youth projects, Sharakah, recently concluded its Annual General Meeting (AGM) for the 2025 financial year, revealing substantial gains in core income and deep interventions across the local startup ecosystem. Operating under the supervision of the Ministry of Commerce, Industry and Investment Promotion, the organization outlined key financial and operational milestones achieved over the past year.
Quick Facts
- Core income increased by 43% during 2025.
- Provided direct financial backing to 60 SMEs.
- Elected new board of directors for 2026–2028.
Driving Financial Resilience for Omani SMEs
During the virtual meeting hosted via the Muscat Clearing and Depository Company platform, Chairman Hani M Al Zubair designated 2025 as a definitive “year of growth” for the fund. He highlighted the organization’s adherence to its strategic pillars, which include SME financing, equity investments, and enterprise development.
Despite broader economic complexities, the fund reported a 43% surge in core income. Beyond raw financial performance, the institution deployed capital to more than 60 local small and medium-sized enterprises.
“In 2025, Sharakah successfully navigated a complex economic landscape to deliver robust results,” Al Zubair noted during the address.
The fund’s capacity-building programs also reached over 90 enterprises, while more than 460 participants engaged in its specialized workshops and networking platforms designed to optimize business relationships.
Electing New Leadership for the 2026–2028 Term
The AGM marked the conclusion of the current board’s tenure. Shareholders reviewed and approved the directors’ and auditor’s reports for 2025, alongside ratifying allowances for the upcoming fiscal year.
Following the financial review, shareholders elected a new seven-member Board of Directors to guide the organization through the 2026–2028 cycle.
Hani Mohammed Al Zubair retains his position as Chairman, joined by Maryam Al Balushi as Vice Chairperson. The newly formed board also includes Rashad Jaffar Al Shaikh, Qais Mahmood Al-Khonji, Hassan Abdul Amir Shaban, Malvika Khimji, and Rashad Al Mussafir as Directors.
About Sharakah
Incorporated in 1998 by Royal Decree No. (76/98), Sharakah stands among Oman’s earliest formal SME development initiatives. The organization actively fosters local entrepreneurial activity by offering a mix of awareness campaigns, training programs, consultation services, and direct financial support. The fund aims to maintain a strategic position within the Sultanate’s startup ecosystem, operating with a core mandate to benefit and scale the Omani SME sector.
Source: Zawya
