The Qatar Stock Exchange (QSE) and the Qatar Development Bank (QDB) have joined hands to start a new financing programme to help SMEs cover the cost to list on the QSE’s Venture Market (QEVM) and to meet their funding requirements.

This step will strengthen the national entrepreneurship system and will contribute to diversifying financing sources for small and medium enterprises, enabling them to grow and contribute to the national economy on a larger scale, Abdulrahman Hesham Al Sowaidi, Acting CEO of Qatar Development Bank, said.

The new programme will support SMEs that meet the minimum requirements for listing on QEVM, as well as regulatory and financial requirements. 

This step will strengthen the national entrepreneurship system and will contribute to diversifying financing sources for small and medium enterprises and enable them to grow and contribute to the national economy on a larger scale, Abdulrahman Hesham Al Sowaidi, Acting CEO of Qatar Development Bank, said. 

The financing program offers competitive profit rates, flexible repayment periods, and extended grace periods, as well as covering up to 70% of the advisory services fees. All SMEs in Qatar can apply for this program, according to a filing on QSE. 

(Writing by Seban Scaria seban.scaria@lseg.com; editing by Daniel Luiz)