- What
- Financing up to OMR 250,000; own share up to 10%, up to 10 years after grace.
- Who
- Omani nationals aged 18–55; SMEs set up for the funded project.
- From abroad
- Nationals or residents of Oman — Omani citizen; SME owner registered with the Authority All programmes open to founders from abroad →
Checked · October 2026 · sme.gov.om/en · How we check ↗
In detail
Riyada — ASMED is an SME authority in Oman. Oman Authority for SME Development (Small and Medium Enterprises Development Authority). Its First Financing Program (In-Country Value) lends up to OMR 250,000, as decided by the competent committee; the own contribution may not exceed 10% of the total cost, repayment runs up to 10 years after a grace period of up to two years. Also training and the taseed programme.
- Amount
- Financing up to OMR 250,000 (First Financing Program, as per the decision of the competent committee)
- Terms
- Not published
- Eligibility
- Omani nationals aged 18–55 at the time of application · Omani SMEs and entrepreneurs
- Sectors
- All sectors
- Benefits
- Financial support
- Training
- taseed programme
- Status
- Active
Is this for you?
Where is your company?
Are you open to giving equity?
We match them against what Riyada — ASMED publishes.
A guide to the published criteria, not a decision — the programme selects.
What the source says
“The applicant must be an Omani citizen.”
“Small and Medium Enterprises Development Authority - home”
“هيئة تنمية المؤسسات الصغيرة والمتوسطة - برامج التمويل المتعلقة بالهيئة”
“Training service”
“taseed”
“البرامج التمويلية المتعلقة بالهيئة”
Closing soon on the map
No published deadline in the next 30 days · All published deadlines →
Compare government programmes in Oman
| Cost | |||
|---|---|---|---|
| Riyada — ASMEDFinancing up to OMR 250,000; own share up to 10%, up to 10 years after grace. | up to OMR 250,000 | Loan | Active |
| Central Bank of Oman — FinTechRegulatory permission to test products live; no funding provided. | not published | No equity | Active |
| Future Fund OmanVC OMR 4K–100K (ideation to seed); SME equity OMR 250K–5M; SME debt OMR 100K–500K; projects to OMR 100M. | OMR 100M | Equity or debt | Open |
| Knowledge Oasis MuscatTech park benefits and tax exemptions. | not published | No equity | Active |
| Special Economic Zone at Duqm (SEZAD)Special economic zone incentives plus a 30-year tax holiday. | not published | No equity | Active |
| Oman Investment Authority (OIA)Sovereign capital backing; not a direct funder. | not published | Not published | Active |
| Sas for ExcellenceUp to OMR 1M per company in financing support, plus wage subsidies. | up to OMR 1M | Financing terms not published | Closed |
No programmes match these filters.
Highest amount in each programme’s own “What” line. Other currencies converted for sorting only (Gulf pegs; KWD, EUR, GBP approximate).
Questions founders ask
What does Riyada — ASMED offer?
Financing up to OMR 250,000; own share up to 10%, up to 10 years after grace.
Does Riyada — ASMED take equity?
Loan — up to 10 years after up to two years' grace.
Can founders from abroad apply?
Nationals or residents of Oman — Omani citizen; SME owner registered with the Authority.
How do I apply?
Through its own application form — the Apply button on this page goes straight there.
Sources
Primary source · sme.gov.om/en · LinkedIn · linkedin.com/company/riyadaom-authority-for-sme-d… · Checked October 2026