SME Factors Malaysia enters partnership with SME Factors Lanka
View(s):SME Factors Malaysia, one of Malaysia’s leading receivables financing houses, entered into a partnership with SME Factors Lanka Ltd. on Monday, aimed at expanding Sri Lanka’s SME industry.
The collaboration is a result of initial discussions that took place last year between SME Factors and several ministries and will look at imperative measures that need to be taken to boost the local SME industry, the local company said in a media release.
SME Factors Lanka Directors A.H.M. Riyaz and Dilshard Hassen inked the agreement on behalf of the local arm while Syed Zed AI-Quds Founder/President and Chief Executive Officer signed for SME Factors Malaysia.
SME Factors Sdn Bhd will work with SME Factors Lanka Ltd. and develop capacity with the objective of building the SME industry. “SMEF has a proven track record in Malaysia and the company has provided financing facilities to over 8,000 SMEs in Malaysia and has also received strong support from the Malaysian Government,” the release said.