Topnet has been awarded ‘A’ rating under the RATE SME program. The Dubai SME Rating Framework, the first and only SME Rating System in the Middle East,is a rating system initiative that aims to provide a comprehensive review of small and medium enterprises’ (SMEs) performance based on financial and non-financial criteria.
Topnet was earlier ranked 79 among the top 100 SMEs in the 2015 edition of Dubai SME100. Topnet continued to excel in all areas of the business thanks to the support from its esteemed clients in the Middle East region and is now rated ‘A’ by the Dubai SME Rating Framework.
The SME Rating Framework is a system launched under the RATE SME program, an initiative under the Dubai Plan 2021, in a bid to help realize the UAE’s vision of building a sustainable and diversified economy. It provides a unified and comprehensive classification of SMEs in Dubai and offers a bundle of facilities and advantages for rated companies, including easy access to capital. It aims to help SMEs enhance their capacity and boost exposure to international markets.
The ‘A’ rating as a Dubai SME Rated Business notes the excellent performance of the company as a business and has met the criteria set by the Dubai SME to companies registered as a commercial entity in Dubai. Companies must meet the thresholds for the number of employees and turnover in accordance with their industry group, which is classified into trading, manufacturing and services. The Dubai SME Rating Framework highlights the company’s key areas of strength and improvements in five key areas, namely: business performance (operational and financial), innovation, corporate governance and excellence, international expansion, and corporate social responsibility.
Topnet recognizes this great achievement to be among the first companies to be rated by the new ratings system and will continue to improve its position by offering great products and services to its clients.
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