Doha, 7 April 2022 – QNB, the largest financial institution in the Middle East and Africa, signed an agreement for “Al-Dhameen” updated program in partnership with Qatar Development bank, being one of the leading programs that encourage banks to finance businesses and projects that have a high success rate without the need to give any guarantees and documents of eligibility.
The signing of this agreement came after Qatar Development Bank announced that it has enhanced Al-Dhameen program, after a decade of success providing guarantees that exceeded a billion Qatari riyals, for local companies.
The program was updated to include start-ups, small, medium and micro companies, and to facilitate the speed of the required procedures. It also includes a higher profit rate for all companies and does not require a percentage from entrepreneurs or investors.
Commenting on this, Mr. Yousef Mahmoud Al-Naama, Executive General Manager & Group Chief Business Officer said: “We are proud to be part of the development of the “Al-Dhameen” program, one of the most supporting programs for projects and companies and a new method of support for startups, and small and medium enterprises. As one of the leading banks in the country in the small and medium-sized companies sector, we are pleased to share our partnership with Qatar Development Bank to update the Al-Dhameen program, which comes among the many successful initiatives that have been done over years of successful partnership.”
Mr. Khalid Abdulla Al-Mana, Executive Director of Business Finance at Qatar Development Bank, highlighted the importance of this partnership and added: “QNB is a key partner in the pioneering initiatives in Qatar. We are pleased that we have built strong partnership with QNB and we feel proud of the progress achieved through the Al Dhameen program with our national partners, in line with the Bank’s strategy in supporting the national business system and the State’s vision in promoting economic diversification endeavors and advancing development.”
Proud to be the Official Middle East and Africa Supporter of the FIFA World Cup 2022™, QNB Group extends through its subsidiaries and associate companies to more than 31 countries across three continents providing a comprehensive range of advanced products and services.
The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,500 machines.