DOHA: QIIB has bagged the “QDB Al-Dhameen Best Partner Bank Award” meant for the most important local banks that support Qatar Development Bank’s Al-Dhameen programme, an indirect loan facility for small and medium enterprises (SMEs) and entrepreneurs in the country.
Mr. Jamal Abdullah Al-Jamal, QIIB Deputy CEO, received the award during a ceremony organised by QDB in the presence of HE Sheikh Abdullah Bin Saud Al-Thani, Governor of Qatar Central Bank, Mr. Abdul Aziz Bin Nasser Al-Khalifa, QDB CEO, and senior executives from Al-Dhameen partner banks and executive leaders from QDB.
QIIB won this award after granting more than QR58mn in loans through the Al-Dhameen Programme.
On the occasion of awarding the Al-Dhameen Best Partner Bank Award to QIIB along with two other banks, Mr. Al-Jamal said, “We would like to thank Qatar Development Bank for this honour, which crowns the great accomplishments and results we have achieved through our strategic partnership, which aims to serve the Qatari economy and help develop the SMEs”.
He said, “QDB's unique initiatives are among the most important factors that boost SMEs activity and growth. At QIIB, we are pleased to engage with QDB in its initiatives at such an early stage. We are ready to further strengthen our partnership to help serve and develop the business sector in our beloved country”.
The Deputy CEO noted: “What is remarkable about the Al-Dhameen programme is that it encompasses a wide range of activities and projects that provide a qualitative value addition to the Qatari economy and enhance the entrepreneurial spirit among Qatari entrepreneurs. These projects also enhance the overall experience of SMEs, which young people turn to, ensuring quality and competitiveness in production."
He added: "At QIIB, we are keen to support SMEs and encourage creativity and innovation in projects spearheaded by the youth. We will spare no efforts to provide them with advice or support during the various stages of their projects that are punctuated by diversity and innovation, and the market’s actual needs.”
Al-Jamal noted, “The results achieved by QIIB through Al-Dhameen project affirm the fact that such initiatives, built on effective cooperation between partners who aim to serve the national economy, have unique outcome, and importantly, open the doors for self-reliance in terms of services, commodities and exports, thus strengthening the competitiveness of products manufactured in Qatar”.
The QIIB Deputy CEO called upon entrepreneurs and those who have ideas and ambitions in the SME sector to benefit from "Al-Dhameen", stressing that QIIB will continue to play an important and effective role in the programme through its partnership with the Qatar Development Bank. Entrepreneurs and project developers can visit the Bank’s Corporate Branch to obtain financing for their projects as per the criteria laid down by the Qatar Development Bank. "
Mr. Al-Jamal expressed the "Bank’s deep thanks and gratitude to HE Sheikh Abdullah Bin Saud Al-Thani, Governor of Qatar Central Bank, and Mr. Abdul Aziz Bin Nasser Al Khalifa, QDB CEO, for their support and oversight, which contributed greatly to Al-Dhameen’s success in its various stages”.