Cooperation
Agreement Inked to Implement “Riyada Plus” Programme

Muscat,
31 Aug 2026 (ONA) – The Authority for Small and Medium Enterprises Development
(Riyada) has signed a cooperation agreement with Namaa Electricity Supply
Company to implement the “Riyada Plus” programme, which aims to
provide supportive solutions and benefits for small and medium enterprises
(SMEs) holding the Riyada Card, thereby enabling them to settle their
electricity service dues and enhancing business continuity.

The
cooperation agreement aims to empower SMEs to apply optimal electricity
consumption mechanisms, contributing to the reduction of electricity bill
amounts, while also providing flexible payment solutions to help them address
their financial obligations and strengthen their capacity for recovery and
business continuity.

The
agreement further seeks to reduce instances of delayed payment of electricity
consumption bills, minimize service disconnections resulting from accumulated
arrears, and improve collection efficiency to limit the build-up of outstanding
debts. It also aims to enhance the customer experience and raise satisfaction levels,
while developing institutional partnerships that serve the SME sector.
Additionally, the agreement provides for the updating of subscriber data for
this segment, thereby contributing to improved quality of services provided to
them.

The
cooperation agreement was signed by Sayyid Mazin Saif Al Busaidi, Deputy
Chairman for SME Development (Riyada), and Eng. Ahmed Abdullah Al Fazari,
Acting Chief Executive Officer of Namaa Electricity Supply Company.

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Ends/AH