The 12th Annual General Meeting (AGM) of Sharakah was held on 26th March 2012 at Park Inn Hotel, presided by Mr. Hani bin Mohamed Al-Zubair, Chairman, with the attendance of the Board of Directors, Shareholders and officials from the concerned authorities.
The AGM discussed and approved the Audited Financial Statements for the year 2011 and the appointment of Statutory Auditor for the financial year 2012.
Hani stated that Sharakah's main objective has always been developing the Small and Medium Enterprises (SME's) Sector in the Sultanate by providing the necessary support for entrepreneurs and SME's. Since its inception, Sharakah has offered three general services for entrepreneurs and SME's, the first is building awareness about the importance of entrepreneurship, the second is administrative support and the third is financial support.
"In terms of Building Awareness, during 2011, Sharakah delivered a number of awareness seminars and workshops in the community. As well as, Sharakah participated for the first time in Muscat Youth Summit which was highly appreciated by Brand Oman Management Unit. Overall number of individuals who have been in contact with Sharakah, whether through email, phone or walking in to our premises has increased and there were a total of 371 inquiries from across Oman." Commented Hani
"In 2011, 7 projects were sanctioned with the total value of Rials 214,000. These projects have created 26 additional job opportunities in the market. To date, Sharakah has provided support to 25 projects. These 25 businesses come from different sectors including Information Technology, Engineering, Manufacturing, Services and Food industries. All in all, these businesses have created 95 job opportunities in the market." He added.
"Further, Sharakah's equity scheme received special SME Product Award at the Malta Islamic Finance Conference in October 2011. 2011 was a great year for Sharakah and we look forward to continue of the same footsteps to ensure that we play a major role in nurturing SME's and in the overall economic development of Oman." Concluded Hani
Abdullah Al Jufaili, who has joined Sharakah as General Manager last year commented saying "Building on what Sharakah has achieved in the last few years, we have ambitious plans for the next five years. The economy in general and the SME market is ever changing and we have to adapt to this change. We are planning to be more active in promoting our services."
Sharakah is a Closed Joint Stock Company incorporated by the Royal Decree (76/98) to support the development of Small and Medium Enterprise's (SME's) in the Sultanate of Oman. It offers financial as well as administrative support.
For further information please contact
Ms. Halima Al Riyami, Marketing Specialist
Mr. Abdullah AL Jufaili, General Manager
Phone: 24479300
Email: info@sharakah.om
© Press Release 2012
