Muscat: The Al Raffd Fund's technical team meeting was recently presided over by Salaam bin Said Al Shaksy, a member of the board of directors and chairman of the Tender Committee.
The newly appointed chief executive of the fund, Tariq Al Farsi, and other members of the tender committee were also present.
The meeting was held to discuss the technical team's progress to date in evaluating tenders from qualifying participants.
It also discussed the initial results of this tender which was issued by the fund relating to the issuing of the vision, mission, strategies, policies and procedures of Al Raffd Fund.
Al Raffd Fund was established by Royal Decree number 6/2013 to help Omani youth develop small and medium enterprises (SMEs) across the country, combining several self-employment funds such as Sanad which were already in existence.
The fund's initial capital is OMR70 million with OMR7 million added every year.