Commercial Bank reinforces support for SMEs through business development workshop

Doha, Qatar - Commercial Bank, in partnership with Qatar Development Bank and MBG Corporate Services, organized a workshop to bolster small and medium-sized enterprises (SMEs) by enhancing their business foundations and fostering long-term growth. The event gathered business owners and decision makers to delve into crucial business development aspects such as strategy, governance, risk management, and finance.

Participants engaged in discussions about financing readiness and growth planning, followed by an interactive Q&A session and networking opportunities. These sessions allowed attendees to interact directly with industry experts and connect with other entrepreneurs.

Fahad Badar, EGM of Commercial Bank, emphasized the importance of SMEs to Qatar's economic diversification and competitiveness. He stated that the bank's role extends beyond financing to building business capabilities, resilience, and financial readiness for sustainable growth. The collaboration with Qatar Development Bank and MBG Corporate Services reflects the value of combining complementary strengths to support entrepreneurs and strengthen Qatar's private sector.

Dr. Hamad Salem Mejegheer, Executive Director of SME Development at Qatar Development Bank, highlighted the significance of strengthening SMEs' business foundations for enhanced competitiveness and sustainable growth. QDB is committed to providing businesses with the necessary knowledge and skills to make informed decisions through training, capacity-building, and advisory services.

The partnership with Commercial Bank and MBG Corporate Services complements these efforts by offering practical guidance on growth planning and financing readiness.

Naresh Manchanda, CEO of MBG Corporate Services, noted that Qatar is nurturing leading institutions with a forward-looking vision to promote knowledge sharing, supporting SMEs, and emphasizing that compliance comes first and growth must follow.