NIDLP, Riyadh Bank sign cooperation agreement to develop financing and investment capabilities

NIDLP, Riyadh Bank sign cooperation agreement to develop financing and investment capabilities

RIYADH —The National Industrial Development and Logistics Program (NIDLP) and Riyadh Bank signed on Wednesday a cooperation agreement to work on developing investment and financing capabilities for the strategic axes of NIDLP.The agreement was co-signed by the CEO of NIDLP Eng. Suliman bin Khalid Al-Mazroua and CEO of Riyadh Bank Tariq bin Abdulrahman Al-Sadhan, in the presence of Minister of Industry and Mineral Resources Bandar Al-Khorayef, who is also the chairman of NIDLP committee and chairman of Riyadh Bank's Board of Directors Chairman Abdullah bin Mohammed Al-Issa.The minister affirmed the importance of cooperation between public and private sectors in advancing the development march in Saudi Arabia and achieving the goals of Saudi Vision 2030, stressing that stimulating the private sector is at the forefront of NIDLP's priorities. Minister Al-Khorayef added that NIDLP will be able to achieve the objectives of this agreement.For his part, Riyadh Bank's Board of Directors Chairman expressed Riyadh Bank's pride in this agreement, which aims to support the strategy of NIDLP to transform Saudi Arabia into a leading