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Ebeid Al Zaabi, general manager of the Securities and Commodity Authority, said the Authority is working in cooperation with the Ministry of Economy and the Organization of economic cooperation and development to launch a unique initiative in the world. The agency said the Authority is in constant coordination with the Ministry of the Economy, which will provide regulatory and legislative frameworks to finance small and medium enterprises and that the Commission and the markets will be ready to launch the funding platform for this important category.
According to the Authority, the SME financing process will be achieved through funds that will raise funds for these companies. The platform will be similar to the collective financing of projects.
The platform will monitor quality and issues related to accreditation. The next step would be to put SMEs on the market when they reach a qualification stage.
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