Ruwad approves financing 2 projects with AED375K

The Project Finance Committee of the “Ruwad” held a meeting, chaired by Hamad Ali Abdullah Al Mahmoud, Director of Ruwad and Chairman of the Project Finance Committee, at the headquarters of Sharjah Economic Development Department, in the presence of the committee members. The committee reviewed several proposals requesting Ruwad for funding. It approved the financing of two projects with AED375 thousand after ensuring that they complied with the conditions and standards of Ruwad. Al-Mahmoud stressed the importance of small and medium businesses in promoting the growth of the national economy and the prosperity of many sectors that benefit society.