ID :
161378
Wed, 02/16/2011 - 07:56
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Shortlink :
http://m.oananews.org//node/161378
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Al khaliji and QDB Sign Agreement for Al Dhameen SME Finance
Doha, February 15 (QNA) - Al Khalij Commercial Bank Q.S.C. (al khaliji) and Qatar Development Bank (QDB) have signed an agreement to provide project financing for Qatar's growing number of Small and Medium Enterprises (SME) under the Qatar Development Bank QDB.
The groundbreaking agreement was signed at the QDB headquarters by Abdulaziz Al Khalifa, Director of Strategic Planning & Control at Qatar Development Bank and Robin McCall, Acting Chief Executive Officer on behalf of al khaliji Bank.
Al khaliji's Al Dhameen finance means that Small and Medium Businesses (SMEs) could be granted facilities from al khaliji against a guarantee from Qatar Development Bank up to 85%.
The maximum Al Dhameen financing period is five years with a preferential interest rate.
"Our agreement with al khaliji Commercial Bank translates the state's guidelines on supporting SME's through its Al Dhameen Program into action by providing financing facilities to expand activities and projects, and enabling individuals to contribute further to building the national economy," commented Abdulaziz Al Khalifa.
Al Khalifa announced that the contribution of Qatar Development Bank QDB as a strategic partner in supporting SME's will enrich the banking sector by providing services to finance projects through Al Dhameen.
During the signing ceremony Al Khalifa confirmed that QDB's support for SME's embraces new and existing projects in different sectors, in compliance with the Qatar National Vision 2030.
Al Khalifa advised that the bank's contribution also extends to providing special consultancies in managing and developing projects, due to its experience in these fields.
For his part, Robin McCall, al khaliji Acting Chief Executive Officer stressed that both "al khaliji Bank and Qatar Development Bank QDB recognize the importance of providing SMEs with innovative and specialized banking solutions.
As the number of SMEs continues to grow and SMEs become the backbone of Qatar's diversified economy, al khaliji offers a wide range of products and services especially designed to fulfill their specific banking requirements."
The groundbreaking agreement was signed at the QDB headquarters by Abdulaziz Al Khalifa, Director of Strategic Planning & Control at Qatar Development Bank and Robin McCall, Acting Chief Executive Officer on behalf of al khaliji Bank.
Al khaliji's Al Dhameen finance means that Small and Medium Businesses (SMEs) could be granted facilities from al khaliji against a guarantee from Qatar Development Bank up to 85%.
The maximum Al Dhameen financing period is five years with a preferential interest rate.
"Our agreement with al khaliji Commercial Bank translates the state's guidelines on supporting SME's through its Al Dhameen Program into action by providing financing facilities to expand activities and projects, and enabling individuals to contribute further to building the national economy," commented Abdulaziz Al Khalifa.
Al Khalifa announced that the contribution of Qatar Development Bank QDB as a strategic partner in supporting SME's will enrich the banking sector by providing services to finance projects through Al Dhameen.
During the signing ceremony Al Khalifa confirmed that QDB's support for SME's embraces new and existing projects in different sectors, in compliance with the Qatar National Vision 2030.
Al Khalifa advised that the bank's contribution also extends to providing special consultancies in managing and developing projects, due to its experience in these fields.
For his part, Robin McCall, al khaliji Acting Chief Executive Officer stressed that both "al khaliji Bank and Qatar Development Bank QDB recognize the importance of providing SMEs with innovative and specialized banking solutions.
As the number of SMEs continues to grow and SMEs become the backbone of Qatar's diversified economy, al khaliji offers a wide range of products and services especially designed to fulfill their specific banking requirements."
