BHD 20 Million, Tamkeen’s new ‘Tamweel Plus’ Financing Scheme portfolio in Partnership with Ithmar Bank
In partnership with Ithmaar Bank, Tamkeen launched “Tamweel Plus (Tamweel+)” financing scheme, with a cumulative portfolio of BHD 20 million.
The scheme, which offers
The scheme offers
Tamkeen Chief Executive, Dr. Ebrahim Mohammed Janahi said: “We are pleased with our partnership with Ithmaar Bank as we work together to tailor various financing solutions aimed at supporting the growth and development of the private sector’s enterprises in the Bahraini
Since its launch in 2007, Tamkeen's Enterprise Finance Scheme provided over 7,000 businesses with more than BHD 440 million, in partnership with Bahrain Development Bank, Bahrain Islamic Bank, Ithmaar Bank, Al Baraka Islamic Bank, BMI Bank, Kuwait Finance House, Gulf Commercial Bank, Al Salam Bank Bahrain, and Standard Chartered Bank.
The majority of financing applications were submitted by retail and wholesale enterprises, followed by services, contracting, and construction sectors, respectively.
Tamkeen aims to attract more banks in order to offer additional financing solutions for the private sector, supporting Bahrain’s economic development.