Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait
Category: #business  By Pranali Mehta  Date: 2022-05-16
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Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait

Bahrain-based government agency, Tamkeen has recently inked a new strategic partnership agreement with the Bank of Bahrain and Kuwait (BBK) in a row with novel support programs.

Incidentally, the agreement is an addition to the partnership agreements announced two months ago with some of Bahrain's most prominent financial services providers to provide enterprises with different options for funding.

In fact, Tamkeen has signed partnership agreements with 9 banks till now to drive product and productivity in the private sector.

Welcoming the collaboration, Chief Executive of Tamkeen, H.E. Husain Mohamed Rajab said that these strategic partnerships make sure that all sizes of enterprises can access financing for stimulating the economy and inspiring investors to introduce new business ventures along with supporting the expansion growth and goals for established businesses.

He believes that financing is a crucial component of their support and is vital for maintaining the private sector and enabling it to become the major cause of economic growth. The recent initiative is reinforced by the commitment to achieving these goals in contrast with Bahrain's national motives and the economic recovery plan and the ongoing effort to stay updated with the transforming market demands.

Mr. Rajab further added that Tamkeen is pleased to join hands with the Bank of Bahrain and Kuwait in its enterprise support program for the first time. They are looking forward to witnessing the impact of this collaboration in fueling growth and development for enterprises across all sectors.

Recently, Tamkeen established a series of strategic partnerships with several major players in the ecosystem to provide the necessary support to the private sector enterprises. These partnerships include several financial services institutions which will offer different financing solutions for empowering enterprises to grow inside Bahrain and overseas.

Over the past 13 years, the agency has simplified around 9,000 loans for small and micro enterprises, which contributed to augmenting the entrepreneurship ecosystem and empowering startups' development and growth.

Source Credit - https://www.zawya.com/en/press-release/companies-news/tamkeen-announces-strategic-partnership-with-bank-of-bahrain-and-kuwait-p690zme8

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About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

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