Small and Medium Enterprises Development Authority - funding-programs-related-to-the-authority-desc

The Eighth Financing Program

Emergency Financing for Small and Medium Enterprises (SMEs) during Emergencies

A financing program that provides rapid and effective financial support to these institutions during emergencies. It aims to mitigate the economic impact resulting from unforeseen events—including, but not limited to, natural disasters, economic crises, pandemics, or agricultural and water crises—thereby ensuring the operational sustainability of these institutions.

Existing Small and Medium Enterprises (SMEs) located within the geographical area affected by the emergency, as declared by the relevant authorities.

All Sectors

The financing ceiling reaches up to OMR 10,000 (Ten Thousand Omani Rials), subject to the decision of the competent committee.

The Committee may require a contribution percentage from the applicant toward the project to be financed, provided that it does not exceed (10%) of its investment cost (subject to the decision of the competent authority).

• Must be an Omani national.
• Must be between 18 and 59 years old at the time of application.
• The applicant’s financial and credit status must permit obtaining the financing, as determined by the Committee
• Must not have been previously convicted of a felony or a crime involving breach of honor or trust, unless rehabilitated.
• Upon approval, the applicant must commit to practicing the activity for which the financing is provided and obtain the "Riyada" Entrepreneurship Card.
• Apply via the Development Bank’s website and complete all requirements related to the established evaluation process.
Application Link:

• Provide a business plan regarding the financing items along with a disbursement plan (based on the extent of the emergency's impact, to be verified through technical analysis and a site visit report).
• A copy of the Civil ID and one personal photograph.

• A copy of the Social Security card (for individuals covered under the social security scheme).

• (Non-conviction certificate).

• Commercial registrations, licenses, and all project-related documents

• Audited financial accounts for the last two years (if available), and the institution’s bank statement for the last 12 months.

"The beneficiary shall be granted a grace period starting from the date of the final disbursement, for a duration not exceeding two years (to be determined by the competent committee)."

"This financing program is exempted from the requirements of the Regulatory Bylaw for Financing Small and Medium Enterprises as follows: • Entrepreneur Readiness Certificate. • Rules and conditions for enhancement financing of the original loan and additional financing. • The beneficiary may not apply for enhancement financing for the emergency loan.