Sharakah, Oman’s leading SME development company, has signed a memorandum of understanding (MoU) to provide Anfal Industries & Trading Company SPC, an Omani-owned manufacturer and distributor of industrial, cleaning, and laboratory chemicals, a Shariah-compliant financing facility to support its working capital requirements.
Network International (Network), a leading fintech company with operations across the Middle East and Africa (MEA) region, said it has reached an agreement with leading UAE group Rakbank to buy its merchant acquiring business in the emirates.