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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.
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