Saudi Monsha’at and Social Development Bank ink deal to boost SME financing
- Date: 22-May-2024
- Source: Arab News
- Sector:Real Estate
- Country:Saudi Arabia
Saudi Monsha’at and Social Development Bank ink deal to boost SME financing
RIYADH: Saudi small and medium enterprises are set to receive a finance boost thanks to a new deal signed by the Kingdom’s Social Development Bank.
The cooperation agreement, inked with the country’s SME general authority, also known as Monsha’at, will see the authority joining the bank’s Entrepreneurs Program, the Saudi Press Agency reported.
This collaboration aims to provide the necessary financing solutions and facilities for the growth of SME projects and the expansion of their businesses. Saudi Monsha’at and Social Development Bank ink deal to boost SME financing