The Small and Medium Enterprises General Authority “Monsha’at” launched the Tomoh ELITE program in partnership with ELITE S.p.A., a London Stock Exchange Group company, with the aim of growing and supporting fast-growing enterprises eligible for listing on the capital markets, as part of its plans to serve SMEs.

The program supports SMEs through ten key areas, including training programs on the following themes: strategy, innovation and global growth, organizational models and governance, developing financial systems, financing options, business planning, assessing the enterprise’s readiness for an offering and simulating an initial public offering, final review, and pitching the project to investors. It also strengthens the enterprise’s connection to a network of advisors and investors to grow the enterprise and prepare it for financing or an offering on the Nomu Parallel Market.

By launching the program, Monsha’at aims to support SMEs in a way that ensures their growth and strengthens their chances of entering new markets, in addition to launching several other programs that meet the needs of SMEs in the Kingdom. Monsha’at makes registration in the program available to all SMEs through the following link.

Monsha’at seeks to empower SMEs, as empowerment is one of the most important programs Monsha’at is working on, since it is in line with one of the most important objectives of Saudi Vision 2030, which aims to raise the contribution of SMEs to GDP and create many job opportunities in SMEs.