Credit
Oman Signs Agreement to Finance SMEs

Muscat,
21 Jan 2026 (ONA) — Credit Oman, the national institution specialized in
credit insurance, signed a strategic agreement today with Hal Capital—a
Sharia-compliant fintech company operating in the Sultanate of Oman and
licensed by the Central Bank of Oman. The agreement aims to enhance the ability
of Small and Medium Enterprises (SMEs) to access financing and achieve sustainable
economic growth.

The
agreement was signed by Haitham Abdullah Al Yaqoubi, Acting CEO of Credit Oman,
and Aziz Diab, CEO of Hal Capital. This partnership embodies the shared vision
of both parties to bolster the financial services available to SMEs, which are
considered a fundamental pillar of the Omani economy.

Under
the terms of this agreement, Credit Oman will provide credit insurance coverage
for the financing provided by Hal Capital to Omani SMEs. This partnership aims
to enable these enterprises to obtain secure financing, thereby enhancing their
ability to trade with confidence in both local and international markets. The
move reflects an understanding of the challenges faced by SMEs, such as lack of
funding and insufficient collateral.

Furthermore,
this partnership reflects Credit Oman’s ongoing commitment to improving SME
access to finance and supporting financial inclusion and economic
diversification. The agreement assists enterprises in overcoming financial and
economic challenges, contributing to the realization of sustainable
development.

Haitham
Abdullah Al Yaqoubi, Acting CEO of Credit Oman, stated: “The importance of
this agreement lies in supporting SMEs, which fosters innovation and creates
new job opportunities that contribute to driving the national economy forward.”

He
added that this partnership falls within the framework of government directives
aimed at strengthening the role of the private sector in the Omani economy and
increasing its contribution to the Gross Domestic Product (GDP). Credit Oman’s
services work to protect business owners in their commercial transactions,
while providing support and consultation through insurance solutions that
facilitate selling with confidence and security in global markets.

—Ends/AG