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Oman’s SME financing supports growth and jobs

Economy · First reported 26 Oct, 17:01 · Updated 19:02

Image: Oman Observer

Oman’s Riyada authority reported approving 581 SME loans worth RO 51,477,208 between June 2022 and the end of August 2026, involving 2,173 Omanis in financed projects.

  • Riyada’s portfolio provided 581 loans with total approved funding of RO 51,477,208 over the stated period.
  • Muscat had the largest number of loans, with 262; manufacturing received 128, wholesale and retail trade 117, and construction 85.
  • The financed projects involved 2,173 Omanis, including 568 business owners registered as employers and dedicated to managing their enterprises.
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