Development Bank

s (SME) sector, providing financial assistance for a range of development activities as well as working capital finance to private enterprises. The bank witnessed a new phase during which it specialized in financing small and medium projects in all development sectors under one umbrella, offering soft loans and interest rates not exceeding 3% while providing interest-free loans up to RO 5000 to small investors and craftsmen. In 2006, Royal Decree No. 18/2006 was promulgated to amend Royal Decree No. 18/97 and its supplements. In this, the lending ceiling was increased to a maximum of R.O. In addition to the supported lending areas which cover the various investment sectors and loans. The bank greatly and clearly contributed to the creation of employment opportunities and to the success of such projects in the Sultanate through financing, technical support, and the expertise of its staff. The bank continues in the development of its projects and the improvement of its service levels, utilizing similar experiences in the different developed countries adapted to the Omani economy. Working Hours:
Sunday - Thursday: 8.00 AM till 3.00 PM