Buzzing with Opportunity: How Beehive and Taageer Are Powering Oman's SMEs

MUSCAT, Oman — Big news is buzzing across the Sultanate. Beehive, the region's first digital peer-to-peer SME financing platform, has teamed up with Taageer Finance Co. SAOG.

Together, they're opening fresh doors for small and medium-sized enterprises. So far, Beehive Oman has already backed over 270 SMEs, while Taageer has financed more than 22,000 customers across 15 sectors.

This partnership blends Beehive's digital-first approach with Taageer's deep market experience. Consequently, SMEs gain faster, smarter access to funding.

Moreover, at least OMR 36 million will be unlocked for eligible businesses with two-plus years of trading history. That's real capital reaching real entrepreneurs.

SMEs drive diversification and private-sector growth. Therefore, this collaboration supports more than balance sheets—it fuels Oman Vision 2040.

Sheikh Khalil Al Harthy, CEO of Taageer Finance, called SME access to finance "an important priority," noting the partnership helps reach more deserving businesses.

Meanwhile, Peter Tavener, Co-Founder and Group CEO of Beehive, said combining Taageer's strength with Beehive's streamlined processes means faster funding.

Ultimately, this alliance signals confidence in Oman's entrepreneurial future—one SME at a time.

Hive Hearts Saudi SMEs: Beehive's Buzzing Takeover Sparks Fintech Revolution!

From Partnerships to Power Moves

Beehive Group Holdings Limited has completed its acquisition of a majority stake in Themar Al Aamal Commercial Company LLC, the holding company of the SAMA-regulated debt crowdfunding platform (Themar Al Aamal for Crowdfunding Company CJSC) in the Kingdom of Saudi Arabia. Moreover, this bold step makes Beehive the first digital SME financing platform regulated across three GCC markets: the UAE, Oman, and Saudi Arabia.  

Fueling Dreams Across the Desert

The transaction closes alongside a significant milestone: Beehive has now financed more than 3,000 SMEs across the GCC since its founding in 2014. Additionally, Beehive has operated in Saudi Arabia since 2020 through strategic banking partnerships, and the Themar acquisition converts that presence into a fully regulated platform.  

Peter Tavener and Yousef H. Al Dabbagh both highlight how this union boosts capital access, supports Saudi Vision 2030, and scales transparent financing for thriving entrepreneurs. Exciting times ahead as Beehive eyes new funding facilities in the Kingdom!