The Saudi Fund for Development (SFD) in Oman today signed a development finance agreement with the Oman Development Bank worth $53.33 million as part of the $150-million support programme provided by the Government of Saudi Arabia through the SFD for Oman.
According to Saudi Press Agency (SPA), the agreement aims to support the initiatives of the Oman Development Bank in the financing activities of SMEs, enhance social and economic growth, and create jobs in various states and governorates of Oman.
The Oman Development Bank is one of Oman's most prominent government entities that provides financing facilities for micro, small, and medium enterprises in the Sultanate.
Source: Bahrain News Agency