Al Khaliji Commercial Bank offers entrepreneurs financing opportunities

Al Khaliji Commercial Bank (al khaliji) is offering aspiring entrepreneurs the opportunity to finance and grow their SMEs through Al Dhameen program, in association with Qatar Development Bank (QDB).

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SME

Al Dhameen supports businesses in the manufacturing, education, tourism, healthcare and services sectors in launching their SME ventures, while effectively contributing to the realization of the Qatar National Vision 2030 through investing in the country’s economic growth and diversification.

The program is based on a groundbreaking agreement signed between the two leading banks with the aim of empowering entrepreneurs and startups in various sectors and fields to establish and develop their planned projects by financing up to 85% of the project cost at a preferential interest rate.

Credit history

As part of its commitment to supporting the SME sector in Qatar, Al Dhameen program helps SMEs establish a credit history with banks for future credit facilities without the need for large collateral and encourages financial institutions to understand the importance of Qatar SMEs and develop closer business relationships with them.

Al Dhameen is an indirect loan facility established by QDB to guarantee commercial bank loans to private sector companies as a way of assisting SMEs that show components of success with limited credit history or lack of collateral to obtain access to funds, for establishing or growing their businesses.

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