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FINANCIAL NEWS
Omani Ethmar assigns USD25.8m for pioneering schemes
06 Dec 2015
(MENAFN) Ethmar, Oman’s first venture capital company has allocated a primary fund of USD25.8 million, marking its first major task.
Accordingly, the main purpose of the allocated money is delivering a new source of funding for high-risk promising entrepreneurship schemes.
Additionally, these projects get studied closely first to determine and decide its potential to deliver high benefits and returns.
Furthermore, the initiative will not only provide an alternative source of funding for young entrepreneurs but will also help nurture innovation.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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