BankDhofar participates in a panel discussion on SME enterprises in Salalah
BankDhofar has reinforced its growing focus on small and medium enterprises (SMEs) through the participation of its dedicated Numo SME Banking Department in a capacity-building session held in Salalah, in collaboration with the SME Development Authority (Riyada) under the Jahaziya (Readiness) Programme.
The session brought together around 40 SMEs—including startups, freelancers, and home-based businesses—and witnessed strong engagement, reflecting rising entrepreneurial momentum in the Dhofar Governorate. Designed to enhance financial awareness, the initiative focused on equipping participants with practical knowledge to better manage, sustain, and scale their businesses in an increasingly competitive market environment.
BankDhofar’s participation underscores the strategic role of its Numo platform, which has been established as a key pillar within the bank’s retail banking operations. Through Numo, the bank aims to deepen its SME footprint by delivering tailored financial solutions and advisory support, positioning itself as a long-term partner for entrepreneurs rather than just a financing provider.
Launched in 2025, Numo represents a comprehensive SME banking proposition that blends financial services with digital innovation and institutional support. The platform offers a range of solutions including business accounts, payment and POS services, financing options, and digital banking tools designed to streamline operations and improve cash flow management. Dedicated relationship managers and specialised SME Centers further strengthen engagement with business owners, enabling more personalised and responsive support.
The Salalah session also highlighted the objectives of the Jahaziya programme, a flagship initiative by SMEs Development Authority (Riyada) aimed at preparing entrepreneurs for sustainable growth. Through structured training, mentorship, and workshops, the programme builds core competencies in areas such as business planning, financial management, and market strategy—helping SMEs transition from early-stage ventures into scalable enterprises.
Participants responded positively to the session, with many highlighting the value of practical insights and direct interaction with banking and institutional stakeholders. The engagement not only strengthened BankDhofar’s visibility within the SME ecosystem but also reinforced the importance of collaboration between financial institutions and government bodies in nurturing entrepreneurship.
As Oman advances its economic diversification agenda under Vision 2040, initiatives such as Numo and Jahaziya are playing an increasingly vital role in empowering SMEs to drive growth, innovation, and job creation across the Sultanate.
