"Monsha’at" and "Social Development Bank" Sign Agreement to Support Financing Product for Entrepreneurs

Tuesday 21 May 2024
"Monsha’at" and "Social Development Bank" Sign Agreement to Support Financing Product for Entrepreneurs

The Small and Medium Enterprises General Authority "Monsha’at" signed a cooperation agreement today with the Social Development Bank to join the Entrepreneurs Financing product of the bank, with the aim of supporting small and medium enterprises and entrepreneurs by providing all financing solutions and facilities for the growth of their projects and the expansion of their business. This came as part of the activities of the Financing Week, in the presence of the CEO of the Social Development Bank, Engineer Sultan bin Abdulaziz Al-Humaid, the Deputy Governor of Monsha’at for Planning and Development, Suleiman bin Abdulrahman Al-Tarief, and the Vice President of the Business Sector at the Social Development Bank, Muhammad Al-Arini. The agreement includes supporting entrepreneurs and empowering them by providing financing programs and solutions for small and medium enterprises that would enhance their pioneering projects and their growth, where "Monsha’at" will provide training and advisory services, and empower the beneficiary entrepreneurs of the "Entrepreneurs Product" at the bank, through the support centers in the cities of Riyadh, Madinah, Jeddah and Al-Khobar. The Social Development Bank, in return, will work on processing the loan applications submitted, and taking the appropriate decision regarding them, and other works agreed upon by the two parties. For its part, the activities of the Financing Week continue by holding many awareness and development programs to support entrepreneurs in enhancing the sustainability of their projects and obtaining the appropriate support and financing. Monsha’at invites those interested in benefiting from the activities of the Financing Week to register through the link: https://www.monshaat.gov.sa/ar/form/funding_week to learn about dialogue sessions, sessions  dates, and other programs featured during the week.  

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latest changed date 14 August 2024

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