The Future Fund of Oman (FFO), an affiliate of the Oman Investment Authority, has launched a new lending portfolio designed to give small and medium enterprises (SMEs) faster access to financing.
The scheme aims to deliver loans within two weeks of application and offers flexible repayment terms to help businesses manage operational expenses and plan for sustainable growth. The move aligns with Oman Vision 2040, which prioritises a knowledge-based economy and greater SME contributions to the country’s economic development.
The portfolio will be managed by Beehive, a regional digital SME lending platform, and implemented in cooperation with Sohar International. Beehive applies artificial intelligence to evaluate applications, while entrepreneurs and startups can apply through FFO’s website. Applications will then be directed to dedicated managers depending on the type of financing required.
Rashid bin Sultan al Hashmi, Senior Director at FFO, said the initiative was developed in response to feedback from entrepreneurs during outreach tours across Oman’s governorates. “Requests received through our platform showed strong preference among entrepreneurs for loan financing to cover working capital needs such as salaries, rents and operating expenses,” he explained.
Hashmi added that the launch “underscores the fund’s efforts to provide flexible solutions that help SMEs overcome operational challenges and accelerate growth.”
Peter Tavener, co-Founder and Chief Financial Officer of Beehive, described the collaboration as a key development for the company. “With the support of FFO, we are well-placed to meet the growing demand for SME financing and contribute to sustainable economic growth in Oman,” he said.
Established in January 2024, FFO has already signed 45 investment projects worth RO1.249bn across targeted economic sectors. These include RO885mn in foreign direct investment and RO333mn in fund investments, creating over 1,600 jobs while advancing SME support and economic diversification.
