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Article: Tamkeen, Shamil JV readies $24.6m fund for SMEs.(Company overview)

Article from:
TradeArabia (Manama, Bahrain)
Article date:
December 28, 2008
Copyright

Byline: Manama

A landmark initiative by Tamkeen (Labour Fund) and Shamil Bank has provided more than BD9.3 million in financing to 192 small and medium enterprises (SMEs) in Bahrain.

Shamil is a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank.

The financing, which contributed directly to growth in the Kingdom's private tourism, retail, construction, manufacturing, education and transportation industries, was made as part of the BD12.5 million Nibrass scheme, a unique joint initiative between Tamkeen (Labour Fund) and Shamil Bank.

The Nibrass scheme provides financing with the ...

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