Ahlibank has reaffirmed its support for Oman’s small and medium enterprise sector by sponsoring ‘The Local” SME Exhibition. The event, which ran from May 21–24 at the Mall of Oman, is part of the bank’s broader strategy to back impactful platforms that drive business growth and align with the national economic goals outlined in Oman Vision 2040.
Quick Facts
- Initiative: Sponsorship of ‘The Local” SME Exhibition.
- Participants: A diverse range of Omani homegrown businesses.
- Objective: Strengthen Oman’s entrepreneurial ecosystem and market access.
A Platform for Homegrown Omani Brands
The Local SME Exhibition provided a valuable stage for a wide array of Omani businesses, showcasing products from traditional handicrafts and clothing to jewelry, artwork, and cosmetics. For local entrepreneurs, the four-day event offered a direct channel to engage with the public, increase brand visibility, and grow their customer base in a high-traffic retail environment.
Ahlibank’s backing of the exhibition highlights a commitment that extends beyond financial services, focusing on creating tangible growth opportunities and fostering collaboration for SMEs throughout the Sultanate.
A Track Record in SME Development
This sponsorship is consistent with Ahlibank’s established history of championing SME development in Oman. The bank runs several other key initiatives, including its annual Ramadan Souq, which serves as a strategic platform for Omani entrepreneurs to connect with the market.
Further cementing its role in the ecosystem, Ahlibank recently signed a cooperation agreement with the SME Development Authority, also known as ‘Riyada’. This partnership aims to unify public and private sector efforts to provide entrepreneurs with comprehensive financial and non-financial solutions needed for scaling and long-term success. Through these consistent efforts, the bank is actively contributing to a more diversified and resilient Omani economy.
About Ahlibank
Ahlibank is a financial institution in the Sultanate of Oman that provides a wide range of banking solutions and services. The bank is actively involved in supporting the nation’s economic development and has a particular focus on empowering the small and medium enterprise (SME) sector through strategic partnerships, sponsorships, and dedicated programs aligned with Oman Vision 2040.
Source: Zawya
