DOHA: QIIB has won the ‘Al Dhameen Best Partner Bank Award’ instituted by Qatar Development Bank (QDB) for local banks that provide tremendous support to the indirect financing programme meant for SMEs and start up entrepreneurs.
This is the second year in a row that QIIB is securing the ‘Al Dhameen Best Partner Bank Award’.
QIIB Chief Executive Officer Dr Abdulbasit Ahmad Al Shaibei received the award at a ceremony organised by QDB in the presence of H E Sheikh Abdullah bin Saoud Al Thani, Governor of Qatar Central Bank (QCB), as well as senior bank officials associated with the Al Dhameen programme and QDB executives.
QDB presented QIIB with the award in view of the guarantees provided by the Bank through the Al Dhameen programme to SMEs.
This effectively contributed to enrichment of the Al Dhameen programme, which is a QDB initiative encouraging banks to offer financing to startups and SMEs that are unable to provide the necessary financing guarantees or collaterals.
“We are delighted to receive this award for the second consecutive year, which represents the depth of our partnership with QDB in this programme. This is in line with the vision and guidance of the Amir HH Sheikh Tamim bin Hamad Al Thani that sustainable development is key to overall national progress,” Al Shaibei said.
“We, at QIIB, are honoured to contribute to the development of our country through local partnerships. There is no doubt that one of these fruitful and effective partnerships is with QDB, which supports SMEs or startups through the Al Dhameen programme that targets value added projects in industry, education, tourism and some other service sectors”, he added.
