Monshaat says 16,000 entities benefit from Monshati 360 program

Logo of Small & Medium Enterprises General Authority (Monshaat)

Small & Medium Enterprises General Authority (Monshaat) stated that a total of 16,011 entities benefited from Monshati 360 program, Al Eqtisadiah newspaper reported.

Monshaat launched in 2018 Monshati 360 program to evaluate the performance of small and medium-sized enterprises (SMEs). It aims to measure the self and comprehensive performance of entities, to identify their strengths and challenges, as well as develop their capabilities, and help them attract investors through accessing financial information and data, Argaam earlier reported.

The program, through self-evaluation, provides a report on SMEs' challenges to help them raise their performance and overcome challenges. Meanwhile, the comprehensive evaluation aims to evaluate and analyze the SMEs' financial statements. Based on the evaluation results, the entity obtains a comprehensive report from Monshaat.

The program provides a free comprehensive evaluation of the entity's information from reliable sources, such as the Ministry of Commerce, the Ministry of Human Resources and Social Development (HRSD), a statement of credit information, and any financial statements submitted in Qawaem program.