Sharakah extends bill discounting facility to Jizzi Line Company to support business growth

(MENAFN- Prime Advertising LLC) Sharakah, Oman’s leading SME development company, has signed a Memorandum of Understanding with Jizzi Line Company (SPC) to provide a bill discounting facility aimed at enhancing cash flow and supporting project delivery.

As per the agreement, Sharakah will provide Jizzi Line with a bill discounting financial solution.

Established in 2010, Jizzi Line operates in Fire Protection, Construction, Maintenance, and MEP Engineering. The company plans to use the bill discounting facility to manage working capital more efficiently, particularly for its ongoing projects.

“This partnership marks a significant milestone for us,” said Ahmed Al Sinani, founder of Jizzi Line. “The extended credit terms will allow us to manage resources better and deliver projects without delays or compromises. Sharakah’s support is instrumental in helping local businesses grow sustainably. We are proud to endorse this financial facility with Sharakah, and we will endeavor to advance our relationship to better heights...”

Umaima Al Ghadani, (Sharakah’s Investment Manager) emphasized that the agreement aligns with Sharakah’s mission to empower Omani SMEs. She said, “We design financial solutions that address real operational challenges. Our bill discounting facility improves liquidity and strengthens supplier-client relationships. We are pleased to support Jizzi Line and look forward to further collaboration.”

This initiative forms part of Sharakah’s broader strategy to assist SMEs across sectors including communication technologies and renewable energy. By offering structured finance through a transparent process, Sharakah enables businesses to maintain liquidity and focus on execution.

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