|
Supply Chain Financing expands gamut of services offered to Qatar’s Small and Medium Enterprises by Tatweer
Doha, Qatar
Doha Bank’s ground breaking Small and Medium Enterprise (SME) financing solution Tatweer, launched a “Supply Chain Financing” product as the latest offering serving Qatar’s SME segment. Available under Tatweer, the Supply Chain Financing product is set to benefit small and Medium businesses engaged in supplying goods and services to large business entities.
|
 |
|
Speaking at the launch of the product, Group CEO of Doha Bank Mr. R Seetharaman said, “ Doha Bank has a track record of offering innovative solutions and support for the development of the Small and Medium business sector in Qatar. So we are especially pleased that Tatweer’s latest product is a financing solution, which gives SME business operators more flexibility for growth, than they have ever enjoyed before. The SME sector is driven by a range of pressures. Healthy working capital and supply chain performance are two key areas that impact SMEs. These are factors that propel businesses forward. That is why Tatweer is bringing out this new Supply Chain Financing product, to specifically help increase liquidity and improve efficiency. Supply Chain Financing is a highly useful tool for businesses supplying corporations and large companies. This product is good news for businesses seeking to improve cash flow and we are happy that once again Doha Bank is leading the way.”
Tatweer’s Supply Chain Financing product is the first of its kind to be offered in Qatar for SME Customers. While improving working capital, this particular product will help lead to increased supplier loyalty since with it, suppliers will enjoy an assured liquidity.
From its inception, Doha Bank’s SME specific Tatweer financing solutions have provided a one-stop series of services for a wide variety of businesses. Tatweer arranges financing and develops services to drive growth and efficiency., while delivering in-business banking services to the SME sector. Using a personalized approach, Tatweer has offered Qatar’s SME businesses, Financing, Trade Financing Services, Electronic Banking and Comprehensive insurance services.
The portfolio of customers already using Tatweer solutions consists: trading companies involved in product importation, local purchasers and local distributors, including grocery stores and supermarkets, service companies in the fields of travel, healthcare, software development, cleaning, advertising, petrol supply and other such service industries, food, transportation and contracting companies.
Tatweer services are available at Doha Bank’s Mushareib, Najma, Salwa Road, Al Rayyan, Mirqab, Al-Khor, Mesaieed and the Industrial area branches to name a few. With the addition of innovative solutions such as Supply Chain Financing to its gamut of services, a growing customer base and fast expanding coverage across Qatar, Tatweer is well positioned to become not just Qatar’s but also one of the region’s leading SME Banking solutions.
|