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أخبار الخليج
Al Baraka Bank Signs Guarantee Pact
The Tender and Auction Committee and Al Baraka Islamic Bank signed a Memorandum of Understanding aimed at facilitating the issuance of guarantees for small and medium-sized enterprises participating in government tenders. This initiative enhances their opportunities to compete and win contracts. The memorandum will provide financing arrangements to support the issuance process, enabling these enterprises to meet the requirements for contract participation, thereby supporting their growth and sustainability. Officials confirmed that this initiative is part of efforts to promote the participation of small and medium-sized enterprises in the government market and to strengthen their competitive capabilities.
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