Year - 2019

11/02/2019

Green Line Training Institution signed an agreement recently with Sharakah to receive financial and advisory support for the set-up of a vocational training center in Boushar, with the purpose of Training for Employment for Omani Job-Seekers, granted with a job contract post-training in the manufacturing industry. The center provides training in the areas of Machine Operating and Machine Maintenance.
Speaking at the signing ceremony Mr. Ahmed Al Rashdi, the promoter of the business commented: “We are delighted to have signed this agreement with a professional organization as Sharakah to assist us in setting up the Institution. The market shows good potential for our training services, we are looking forward to grant our trainees with the best quality of teaching both theoretical and practical.”
Ms. Sahar Al Lawati, Senior Investment Analyst at Sharakah further commented: “We find potential in this Institution and we believe the Omani trainees will benefit of such services to enter the job-market. The institution has benefited from Sharakah’s Financial Support and will also be granted with our consultancy services to ensure the professional performance and continuity of the project.”

In 2018, Sharakah has supported 6 SMEs Financially and 35 SMEs benefited for the Consultancy Support. These SMEs are from different Governorates and in different sectors. Our objectives remain in ensuring the sustainability of the businesses we support and we aim to be the SME development organization that everyone is proud to be associated with.
10/02/2019

Registration is still open for Istidama Program for SME Development. More than 70 applications have been received until date and we welcome more people to register. The program falls under HSBC Bank Oman’s focus on Entrepreneurship within its Corporate Sustainability Program. The program aims at evaluating the performance and the sustainability plans of the selected SMEs and draw a plan for improvement over a period of 6 months. Istidama program is managed and implemented by Sharakah in partner with Destination Sustainability in assessing the sustainability aspects of the business.
The objective of the program is to select 10 SMEs from all over the Sultanate, assess their performance and guide them towards applying best practices to sustain and grow.
Zuwaina Al Badaa’i, SME Development Manager at Sharakah further commented: “We encourage SMEs to take the first step towards sustainability of their businesses by enrolling in the Istidama program. The scope of this program includes identifying areas that need further improvement.”
According to Nabiha Al Mandhari, Marketing Specialist at Sharakah “Registration is still open and we are welcoming SMEs from all governorates. We have a two steps registration process via the registration form: http://hsbc.sharakah.om. Those who are interested to know more can also contact us in our social media platforms or though calling/visiting. It is worth mentioning that the last date for registration in the Istidama program is 28th February 2019”
01/02/2019

Salasel Electric Services (SES) is one of the growing industrial companies that benefited from Khazzan Project for SME Development. SES was established in 2011 in the wilayat of Manah at Ad-Dakhiliyah Governorate. It started as a small establishment in electric industries. The company operates with specialists in various sectors such as manufacturing, supply, technical support, design, and others. SES core work is to manufacture a variety of electricity distribution panels, low voltage switches and semi-substations using advanced technology.
Khazzan Project for SME development is one of BP Oman’s social investment programs. The program objective is to evaluate the performance of SMEs and propose areas for business improvement including risk management, developing cash flow, and setting a marketing plan. In its fourth edition, 24 SMEs, whose performance was evaluated over a 12-month period, have joined the program.
In alignment with technological development, SES was keen to update its capabilities in order to provide high-quality products and services. SES has a great ability to compete with other companies in the field with the technologies of its international partners, in addition to an experienced design team. It also provides excellent effective services for customers in government entities and big companies working in different sectors like power, water, education, gas, constructions, industries, and other sectors.
SES succeeded at creating a successful partnership with the British company (Dorman Smith) and signed an agreement to be the sole representative in the Sultanate, to market, assemble, and manufacture the company’s low voltage products according to a mutually agreed plan, with a plan to work on the medium voltage in the near future. SES has also entered into a partnership with another international company, which is (Electro bar),Egyptian company. The partnership was entered into in 2018 in order to market a rare product used in the biggest construction projects. It is called base duct, which is a prefabricated copper rod. This partnership is the strongest and biggest in SES history due to the two companies’ position in the market.
It is worth mentioning that SES was able to register and certify its products in all government entities like the Ministry of Education and the Ministry of Oil and Gas. With these achievements and services, SES has made a great development with its qualified Omani personnel and modern technology .
In regards to the future directions and plans of the company, Mr. Bader Al Tobi, founder of SES, said: “We aspire in SES to draw a plan to reach an Omanization percentage of 60% by 2025. We also plan to expand our workshops and open additional production lines to meet customer needs.” Being supported by Khazzan Project, Mr. Bader Al-Tubi expressed his gratitude for the support saying: "We joined Khazzan Project for SME Development to develop my project performance by obtaining advisory and financial support. We have received great attention from Sharakah by guiding and supporting me in upscaling my project. We benefited greatly from the support and consultancy provided by the specialists in the fields of entrepreneurship, accounting, marketing, and other important areas to ensure the success and continuity of the project. We would like to extend our thanks to BP Oman for supporting SMEs. We have benefited from their financial support in providing necessary equipment and devices to develop the project.”
28/01/2019
Sharakah inked a cooperation agreement yesterday at HSBC Bank Oman’s Headquarters to assess and provide support for sustainability to 10 Small and Medium Enterprises (SMEs). The agreement was signed by Mr. Andrew P Long, CEO of HSBC Bank Oman and Mr. Hani Al Zubair, Chairman of Sharakah.
The SME Sustainability Program falls under HSBC Bank Oman’s focus on Entrepreneurship within its Corporate Sustainability Program. The program aims at evaluating the performance and the sustainability plans of the selected SMEs and draw a plan for improvement over a period of 6 months. An SME startup, Destination Sustainability, will partner with Sharakah in assessing the sustainability aspects of the business.
Speaking at the signing ceremony Mr. Andrew Long said: “Our partnership with Sharakah comes in line with our Corporate Sustainability strategy for 2019, as we aim to contribute to enhancing the role of SME’s in the economy. Given Sharakah’s expertise in funding and developing SMEs, we believe it is going to be a fruitful partnership and the joint association will have a positive impact on the selected SMEs."
Mr. Hani Al Zubair, Chairman at Sharakah further commented: “Sharakah is honored to be associated with HSBC Bank Oman in conducting the SME Sustainability Program in order to make the SMEs sustainable and ultimately benefit the community. We look forward to a continued joint collaboration for serving the Omani SME community”.
The applications received will be filtered based on specific criteria shared on Sharakah’s website. They include: giving preference to businesses that have completed at least one year since incorporation, the accuracy and authenticity of the information provided about the business, and SME owners to be Omanis and fully dedicated to the project.
Existing SMEs from all governorates are invited to register to the program online at http://HSBC.Sharakah.om. After registration, Sharakah will screen the applications and shortlist ten eligible SMEs to undergo the sustainability program that will focus on the following functions: Administration, Human Resources, Branding, Marketing, Finance, Quality and Applying Best Practices.
The online Registration opened on January 28th, 2019