Dr. Al-Ghazzawi unveils strategic move: Ebdaa Bahrain gears up for Saudi expansion

Dr. Al-Ghazzawi unveils strategic move: Ebdaa Bahrain gears up for Saudi expansion

Dr. Khalid Al-Ghazzawi, CEO of Ebdaa Microfinance Company in Bahrain, has revealed that the company, affiliated with the Arab Gulf Programme for Development (AGFUND), is actively considering the launch of operations in the Eastern Province.

This move aims to make the Kingdom of Saudi Arabia the second Gulf country to benefit from microfinance services, following Bahrain, where Ebdaa Bank was established in 2009. This expansion will integrate with the network of institutions and banks under the "AGFUND" umbrella, which currently operates in eight other Arab countries across Asia and Africa, as well as Sierra Leone.

Dr. Al-Ghazzawi made this announcement during the participation of Ebdaa Microfinance Company in the "Forum for Entrepreneurship and Modern Work Patterns," organized by the Social Development Bank in Saudi Arabia. The event was held under the theme " Launch Towards the Future " and was attended by numerous dignitaries, government officials, experts, academics, consultants, and entrepreneurs.

Ebdaa’s distinguished presence at the forum was an exclusive invitation from the bank, a testament to the exceptional success the company has attained since its inception, as the company has played a pivotal role in empowering over 23 thousand Bahraini business owners, skilfully transforming their projects into resounding success stories.

Dr. Al-Ghazzawi showcased