Social Development Bank supports Saudi entrepreneurs with over $2.93 billion

Riyadh: The Social Development Bank participated in the Global Entrepreneurship Congress (GEC) in Riyadh, organized by the General Authority for Small and Medium Enterprises (Monsha’at) in cooperation with the Global Entrepreneurship Network (GEN) under the theme “Reboot, Rethink and Regenerate” from March 27 to 30, 2022.

While participating in the first day of the event, the Bank announced the allocation of SAR 11 billion to finance entrepreneurs in the Kingdom over the next three years, as part of the Bank’s efforts to empower Saudi youth and promote comprehensive national development.

Stemming from the importance of partnerships to advance the development process, the Bank signed, on the sidelines of the conference, several agreements with various strategic organizations, which aim to provide training, rehabilitation and sponsorship services to the beneficiaries of the male and female entrepreneurs.

The Bank was also keen to initiate effective communication with the guests and visitors of the conference and to present to them its services as well as financial and non-financial programs, through the bank’s pavilion in the exhibition accompanying the conference.

Joel C. Hicks