Bahrain Islamic Financial institution (BisB) CEO Hassan Jarrar affirmed that the financial institution is relentlessly dedicated to supporting entrepreneurs and start-ups in step with the Financial Imaginative and prescient 2030. He additionally confused the significance of the position performed by the sector as it’s witnessing speedy progress which permits it to contribute revival and restoration of the nationwide economic system.
This comes within the mild of BisB’s collaboration with the Tamkeen Labor Basis, underneath which the Financial institution has signed a joint cooperation settlement underneath which it would present complete financing options by means of a spread of packages for personal sector establishments within the Kingdom of Bahrain to assist establishments and offering them with alternatives for additional progress and growth.
The settlement signing ceremony came about on Sunday, April 3, 2022 at Tamkin’s headquarters within the presence of Hasan Jarrar, CEO of BisB, Hussain Mohammed Rajab, CEO of Labor Fund (Tamkin), Javad Humaidan, Appearing Head of Company Governance. Banking and Monetary Establishments at BisB and Nasser Al-Tattan, Chief Government Officer, SMEs and Business Banking, Reem Al-Alawi, Normal Supervisor, Authorized and Compliance, Tamkin, Noha Suleiman, Director, Company Packages Division, and Mr. Ms. Farah Rabia, Director of Advertising and marketing and Communications.
On this event, Hassan Jarrar, CEO of the financial institution, mentioned: “We’re happy to be partnering with Tamkeen to assist establishments by means of the availability of a wide range of funding packages designed to encourage entrepreneurs to start out, develop and develop their companies, and entice overseas funding. which is able to increase financial progress. This transfer stems from our perception in our position in social accountability by stepping up initiatives that can develop the nationwide economic system and assist all establishments and corporations. We stay up for forming extra fruitful partnerships and persevering with to introduce banking merchandise that meet market necessities.”
For his half, Javad Humaydan, Appearing Head of BisB Company Banking and Monetary Establishments, mentioned: “This strategic partnership will present the required assist specifically to small and medium-sized firms in order that they’ll obtain their objectives given their vital contribution. to GDP, along with strengthening the ecosystem. For brand new firms – particularly in mild of their affect on the results of the continued pandemic – by offering them with monetary options and serving to them to succeed and enhance their contribution to the nationwide economic system, highlighting our dedication to develop our companies and merchandise to simplify our clients’ banking expertise and enrich their lives.”
It’s price noting that Tamkeen lately launched 16 packages designed to make an affect and obtain Tamkeen’s objectives of empowering nationwide expertise to be the primary alternative for employment and activating the position of establishments in strengthening the place of the personal sector as the primary engine of financial progress. progress within the Kingdom in step with nationwide financial priorities and the Nationwide Financial Restoration Plan. This strategic partnership with monetary establishments within the Kingdom of Bahrain will present the establishments with the required funding to attain progress and growth domestically and internationally.