OAB Organizes a Training Program to Develop Entrepreneurs Skills in Sohar

Muscat: Oman Arab Bank (OAB) organized a series of workshops for entrepreneurs in Wilayat Sohar as part of its Small and Medium Enterprises (SMEs) development training program, launched earlier this year. The program aims to empower entrepreneurs to succeed and grow by equipping them with essential knowledge and enhancing their skills in management, financial and economic planning, as well as best governance practices needed for SMEs to achieve sustainable growth.

Sulaiman Al-Hinai, Chief Wholesale Banking Officer at OAB, stated: “We are delighted to meet, through the SME development training program, a promising group of entrepreneurs in Wilayat Sohar, located in the Governorate of North Al Batinah, which is one of the key centers for investment and business in the Sultanate of Oman. It attracts a wide range of Omani and foreign investors and entrepreneurs. The program aims to enhance business management skills and enable small and medium-sized enterprise owners to develop their projects and take advantage of investment opportunities across various sectors. The training content has been designed according to the best global management trends and aligns with the objectives of the entrepreneurship sector in Oman.”

The workshops focused on enhancing financial literacy, strategic planning, and developing practical expertise, along with skills in marketing, human resources, and sustainability practices. Additionally, they aimed at allowing participants to network and exchange their experiences among the entrepreneurial community and large corporations, given the crucial role this integration plays in boosting economic growth and supporting entrepreneurial activities.

Al-Hinai added: “Entrepreneurs represent a segment of clients that supports OAB’s long-term growth strategies, particularly in expanding the bank’s customer base and building strong partnerships with the business community. The entrepreneurship sector is a key pillar for driving economic growth. For this reason, OAB places the development of SMEs at the forefront of its priorities and is committed to continuously developing initiatives and programs that promote the growth of these businesses.”

The training program is part of the initiatives under the “Tumohi” program, which aims to promote the growth of entrepreneurship in the Sultanate of Oman through a comprehensive approach to services and needs. This begins with skill development and providing technical support for projects, and extends to offering advanced financial services that provide diverse financing options and facilitate the ease of doing business. It is also worth to mention that earlier this year, OAB launched a dedicated digital platform designed specifically to cater to the financial service needs of entrepreneurs.