The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies. Appointing Metis Management Consultancy to carry out this special service, the partnership would provide support to SMEs "whenever they need to ask questions, bounce new ideas, or even re-plan or budget their forecasts,” according to a statement from Dubai SME, who looks after SME initiatives.
MBRF currently provides three loan schemes - credit bank, seed capital loan and invoice/LPO finance - to SMEs. Metis will now be responsible for representing MBRF with all the SMEs they fund by handling the post-fund monitoring operations.