Doha – Mubasher: Qatar Development Bank (QDB) and Qatar Islamic Bank (QIB) signed on Monday an Al Dhameen Programme Portfolio Agreement, allowing more expansion in financing Small and Medium Enterprises (SME) in Qatar.
The portfolio, sponsored by QDB and worth QAR 100 million, aims at facilitating and accelerating approvals to guarantee the funding value given by the partner bank to SMEs which lack sufficient guarantees.
According to a statement by QDB, the programme was drafted in almost two years in cooperation with QDB and partner banks to suit all needs and increase transparency.
