The statistics of the Gulf Organization for Industrial Consulting (GOIC) revealed the presence of 12684 industrial small and medium enterprises throughout GCC countries in 2012. This undoubtedly high number accounts for 83.6% of the total industrial facilities. In fact, investments in these industries reached approximately $14 billion (4.2% of the total industrial investments in GCC countries).
These figures are expected to climb with the increasing number of SMEs in the Gulf. Thus, GOIC decided to organize a training workshop about “Strategies for financing SMEs” in collaboration with the Arab Academy for Banking and Financial Sciences (AABFS) from the 16th till the 19th of September 2013 at the Academy’s headquarters in Amman, Jordan.
The objective of this workshop is to boost SME investments in light of their importance in terms of diversifying income sources, reinforcing local labour force within the private sector and promoting their role in economic development.
This workshop tackles SME characteristics and their founding and financing methods. It also studies and analyses financial statements and financing and export needs.
The workshop targets company owners, bank managers and assistant managers, backup and support institutions and governmental institutions in charge of project development.
Furthermore, it provides participants with comprehensive information about financial analysis for the purpose of lending, SMEs and their founding, universal definitions, financial statements, balance sheet and income statement (profit and loss statement) and cash flow statement. It also explains credit analysis, the use of financial ratios, horizontal and vertical analysis, in addition to practical cases tackling risk assessment and credit analysis.
In addition, participants get to know finance and operating leases, their history, mechanisms, types and the need for them. The workshop also offers valuable information about financing mechanisms of new and existing companies after having introduced financing, equities, debts and loans.
Moreover, participants become familiar with commercial banks and their financing role, the role of the central bank in the financing process, different financial institutions, the financial market and its role in corporate finance in addition to institutions supporting financing operations and credit guarantee.
Islamic finance, an increasingly interesting topic for investors, is also included in this workshop in addition to other topics.
Training will be delivered by Mr. Magdi Abu Arja, consultant and trainer who has a master’s degree in business administration from the United States of America and a wide experience in the areas of management, competitiveness, financing and leadership.
The Gulf Organization for Industrial Consulting (GOIC) continuously seeks to boost individual and organizational capacities within the industrial sector of GCC countries and Yemen through its Training and Capacity Development Program (TCD).