Oman Arab Bank (OAB) announced its support for entrepreneurs across the Sultanate at a meeting of the Small and Medium Enterprises (SMEs) Committee at the Oman Chamber of Commerce and Industry (OCCI).
During the session, OAB highlighted its flagship “Tumouhi” program—an all-inclusive initiative offering financial services, credit facilities, and exclusive training opportunities for SMEs. Tumouhi is powered by a fully integrated digital platform, accessible via online and mobile banking, marking a first-of-its-kind service in Oman. Designed to meet the dynamic needs of entrepreneurs, the platform also includes electronic payment solutions such as POS systems and mobile payments.
In addition to financial services, OAB has launched a nationwide training program that focuses on financial literacy, corporate governance, and strategic planning. These workshops are tailored to equip business owners with essential tools to navigate challenges and ensure long-term sustainability.
Sulaiman Al Harthi, CEO of OAB, reaffirmed the bank’s commitment, stating, “Our participation in this important meeting reflects our dedication to supporting the SME sector, which is a vital pillar of Oman’s economy. OAB’s programs continue to create a thriving ecosystem for entrepreneurs, aligning with the national agenda for sustainable development under Oman Vision 2040.”
Al Harthi emphasized that SMEs now form a substantial part of OAB’s client portfolio, and the demand for its financing products continues to grow. “We prioritize understanding the unique needs of SMEs, enabling us to provide customized financial solutions. Through innovation and close collaboration with key stakeholders, we aim to accelerate the growth of the private sector and empower SMEs as engines of economic development and employment,” he added.
Sheikh Rashid Al Maslahi, First Deputy Chairman of OCCI, praised OAB’s contributions, noting, “The bank’s innovative approach—especially the Tumouhi program—has significantly advanced entrepreneurship and SME development in Oman. The Chamber values its partnerships with financial institutions like OAB, which play a pivotal role in facilitating business growth and supporting national economic goals.”
The meeting forms part of OCCI’s broader initiative to enhance collaboration between the private sector and financial institutions, showcasing successful financing models that drive economic diversification and long-term resilience for Oman’s SMEs.
