QDB Signs New Al Dhameen Program Portfolio Agreement with QNB

A portfolio worth QR 100 million

May 30, 2015

Qatar Development Bank (QDB) announced that it has signed an agreement with Qatar National Bank (QNB) within the portfolio of Al Dhameen program which enables further expansion of SMEs financing in Qatar. 

The new product "Al Dhameen portfolio", is a 100 million Qatari Riyals portfolio aimed at facilitating and speeding up approvals to guaranty the value of the funding provided by QNB to small and medium enterprises lacking sufficient guarantees. QDB has prepared a special portfolio guide that describes the terms, conditions, eligibility, criteria, due diligence, credit monitoring, applications and guidelines development, to help partner banks take the necessary decisions without referring to QDB. 

Small and medium-sized enterprises wishing to take advantage of the new program can go to a   QNB corporate branch where the funding applications will be evaluated in accordance with the criteria adopted in the program signed with QDC.