Muscat: To enhance financial and digital inclusion, Sharakah recently signed a global partnership and economic development cooperation Memorandum of Understanding (MoU) with the World Business Angels Investment Forum (WBAF) an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI).
The agreement strives to boost the capabilities of entrepreneurs, startups, and SMEs by connecting them with global investors and by providing quality knowledge and networking.
Ali bin Ahmed Muqaibal, CEO, Sharakah and Baybars Altuntas, Executive Chairman, WBAF signed the MoU at a special ceremony.
The WBAF is an international organisation aiming to ease access to finance for businesses from start-up to scale-up, with the ultimate goal of generating more jobs and more social justice worldwide. The forum interacts with leaders in all areas of society, first in business and political spheres, to help assess needs and establish goals, bearing in mind that the public interest is of paramount importance.
Muqaibal said, “We feel honoured to sign this agreement with WBAF which is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, start-ups, and SMEs. This gives us an excellent prospect to inspire the aspirations of Oman’s SMEs and startups and an opportunity to fulfil our social responsibility. The MoU will help us develop a strong institutional relationship which will help us establish a durable mechanism for facilitating dialogue and participating in joint activities, opening forums, and exchanging experiences.”
Altuntas stated, “We are pleased to sign the MoU with Sharakah which has been contributing considerably to the development and preservation of the entrepreneurial ecosystem in Oman. We are delighted to offer entrepreneurs, start-ups, and SMEs entry to new markets, strategic brand development and management, global mentorship, education and training, business transformation, digital transformation, and access to finance. This cooperation will help us carry out common initiatives, events, programs, projects, actions, or other measures to support the economic development of start-ups, scale-ups, entrepreneurs, and SMEs.”
WBAF engages a wide range of institutions, public and private, local and international, commercial and academic to help shape the global agenda. Sharakah provides support to help young and aspiring entrepreneurs in Oman grow into successful business leaders.
Source: Times of Oman