“One of KHCB’s most vital objectives is to have a positive contribution to Bahrain’s economic development, and by providing a financing solution to SMEs and have an immense impact on Bahrain’s advancement. Tamkeen, being one of the national reforms and part of Bahrain Vision 2030, is tasked to support the development of Bahrain. We would like to thank Tamkeen’s collaboration with us in making this project available in the market, and become a provider to Bahrain’s economic growth,” Silvan Varghese, Chief Operating Officer and Acting CEO, said.
The KHCB SME financing scheme in coordination with Tamkeen facilitates islamically structured financing packages, which caters all business sectors in Bahrain to support their requirements in terms of expansion, working capital requirements or project finance. The financing amount starts from BD 10,000 up to BD 500000 with an annual profit rate of 4% on reducing basis over tenure of up to seven years. “We welcome all those who are interested in joining the SME Finance Scheme by filling out our Enterprise Finance Scheme Application Form that’s available in all our seven branches across the Kingdom,” the bank in a statement said.