Establishment



The Social Development Bank was established in 1971. The Bank's objectives were focused on social loans. Over the years, the services expanded to include business loans. The current governance of the bank was issued in accordance with the Royal Decree No. M / 34 dated 28/6/2006, thus canceling the previous bank's system issued in accordance with the Royal Decree No. M / 44 dated 1/11/1971. The Bank is one of the important governmental pillars in the field of offering social development loans to  less privileged citizens to empower and enable them to play an effective role in national development plans. In addition to supporting small and micro enterprises as a key player in the Kingdom's economy. The Bank has adopted strategies and plans to develop the small and micro enterprises ecosystem , facilitating and accelerating the loaning process through different programs
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