QDB opens applications for SME Excellence 2025
QNA
Doha
Qatar Development Bank (QDB) has opened applications for the fourth edition of 'SME Excellence 2025'. The initiative aims to recognise the top 50 SMEs that have demonstrated strong performance and achieved significant growth over the past three years.
These SMEs have succeeded in building sustainable business models that positively contribute to the national economy, aligning with the bank's strategy to empower the local business ecosystem and foster a resilient, productive, and competitive private sector.
QDB has established a set of eligibility criteria for companies wishing to apply. These include being a profitable commercial entity, qualifying as an SME under Qatar's official definition excluding home-based businesses, operating in value-adding economic activities, being headquartered in Qatar, maintaining continuous operations for at least three years, and holding a valid commercial registration.
The bank has also defined a set of evaluation criteria. Applicants will undergo a rigorous assessment of their financial and operational performance, the sustainability of their business model, and their growth potential. These evaluations will be based on audited financial statements for the years 2022, 2023, and 2024. Companies that participated in previous editions of 'SME Excellence' may reapply, provided they meet all current criteria and submit the required documentation for another opportunity to be recognised for their achievements.
The deadline for applications is July 15, 2025. Applications must be completed, and all relevant documents uploaded via the Bank's website. This will be followed by an initial screening process based on eligibility criteria.
Shortlisted applicants will then be invited to meetings, during which further evaluation will take place, followed by site visits to the companies. QDB will host an awards ceremony for the 50 selected companies based on the established criteria.
'SME Excellence' is one of QDB's strategic initiatives, aimed at identifying high-potential companies and supporting them in strengthening their competitive position by facilitating access to both local and international markets.
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