Al Madina inks pact to support SMEs in Oman
Source: Middle East Insurance Review | Apr 2017
Al Madina Takaful has signed an agreement with Sharakah, an agency set up by Royal Decree to support the SME sector in Oman, to promote the development of SMEs in the Sultanate.
As per the agreement, the SMEs supported by Sharakah will benefit from three main services of Al Madina, namely, preferred rates on insurance for SME customers of Sharakah, dedicated service and focal point specially designated by Al Madina and one-stop insurance solution for the SMEs supported by Sharakah.
Furthermore, both companies will jointly conduct SME insurance awareness programmes from time to time with mutual consent.
Mr Ajay Srivastava, Chief Operating Officer of Al Madina, said: “We are glad to sign this agreement with Sharakah as we believe in offering customised services to further benefit the small and medium enterprises in Oman and we look forward for a fruitful collaboration.”
Sharakah’s General Manager Abdullah Al Jufaili believes the agreement will add more value to the SMEs in Oman. “The mutual benefits will smoothen the development of SMEs in general, and those supported by Sharakah will have easier ways of getting insurance,” he added.