“Tamweel” portfolio, the joint project between Tamkeen and the Bahrain Development Bank, has ben increased to reach more than BD 240 million.
The increase was a result of the steady increase in the amount of requests and high demands on the program. Both parties, Tamkeen and Bahrain Development Bank aim to support Bahrain entrepreneurs through Tamweel.
Chief Executive of Tamkeen, Dr Ebrahim Mohammed Janahi said: “This program, which forms part of Tamkeen’s commitment to providing Shari’a compliant financial solutions to local private enterprises for their establishment and growth, has proved very successful so far, resulting in the growth of around 6,000 businesses in the Kingdom, With this in mind we believe that expanding the program to over 240 million will continue to deliver positive results and drive the national economy forward in line with the Government’s Economic Vision 2030.”
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