The Sustainable Development Goals were established in 2015 by the United Nations General Assembly, and are scheduled to be achieved by 2030 . They are a set of 17 interconnected global goals designed to be a "blueprint for achieving a better and more sustainable future for all."
The Social Development Bank works to achieve a number of sustainable development goals that revolve around financial inclusion, equal opportunities, support for innovation, industry and infrastructure, create economic opportunities, promote economic growth for the individual, and promote social welfare by supporting low-income groups and people with special needs, in addition to empowering women, reducing discrimination and supporting Sustainability and availability of services for cities and governorates, in addition to activating and building partnerships with the public and private sectors, in a way that contributes and accelerates the achievement of the Bank's development goals.
The Bank contributed to achieving 9 out of 17 sustainable development goals

General principles of sustainable development strategy Community empowerment
- Supporting citizens with limited income and the lowest income
- Promoting and spreading the culture of entrepreneurship and supporting entrepreneurs
- Increasing the contribution of the non-profit sector to the GDP
- Increasing family income savings
The main axes for achieving sustainable development in the bank Community empowerment
- Empowering security families/entrepreneurs/women through the development of income-generating economic projects.
- Providing interest-free social financing to citizens with limited and lower incomes for the purposes of marriage, restoration, and bearing the burdens of family life.
- Supporting special groups and the most needy families through financing programs targeting the families of prisoners, orphans, widows, abandoned women, and insolvents.
- Raise and enhance the contribution of the non-profit sector to the GDP
- Providing qualitative financing programs for entrepreneurs to support industries suitable for the capabilities of the nation's youth.
- Promoting a culture of financial management and savings among all segments of society.
- Developing savings products suitable for all segments of society in cooperation with partners in the private sector.
- Non-financial support programs by providing a package of non-financial services and programs (rehabilitation, complementarity, training, guidance and awareness).
The main objectives of the bank's sustainable development strategy
Empowering entrepreneurs and generating new job opportunities, through the following initiatives:
Pathways program, through the following paths:
It targets small projects, and aims to provide job opportunities for all societal groups, especially entrepreneurs.
It targets the economic sectors in which the largest possible amount of the bank's financing priorities are achieved, the cost of which exceeds 300 thousand riyals.
Financing is aimed at existing small and medium enterprises that achieve profits that qualify them for growth, in order to help achieve the desire of their owners to expand and spread.
Increasing the contribution of the non-profit sector to the GDP, through:
Which aims to activate the role of associations and institutions in the transition from direct pastoral work to broader development work by building internal units responsible for providing microfinance services (financial and non-financial) to support beneficiaries towards carrying out micro-economic activities that reduce their dependence on care and guarantee services, and empowerment Associations and civil institutions manage loan portfolios for microfinance, support productive families and micro-enterprises, and build their capacities.
It is a financing program for associations, NGOs and non-profit committees in the Kingdom that aims to motivate and push them towards financial sustainability by providing good financing programs and non-refundable grants for these entities to enable them to own endowments or investments that provide them with stable income and enable them to diversify their sources of income.
Improving and raising the percentage of women practicing income-generating economic activities, through the path of micro-enterprises and productive families.
Raising family income savings and spreading the culture of saving, by launching the following initiatives and programmes:
- Awareness campaign project on financial culture and savings:
Which aims to spread the culture of saving and increase financial awareness among members of society, especially young people.
- Project to support the implementation of the savings program:
Which aims to design a Sharia-compliant savings product for bank customers that is directly linked to social financing
- Support for low-income and low-income people, this was done through:
Providing interest-free social financing to citizens with limited and lower incomes for the purposes of marriage, restoration, and bearing the burdens of family life.
- Introducing financing programs for special groups: with the aim of targeting new segments of society that were not previously covered by the Bank's services and products.
Linking marriage financing to obtaining a qualifying course: with the aim of contributing to reducing divorce.
Maintaining and correcting data on financing grants and collection for social financing: with the aim of raising the level of quality of data and collection
Building strategic partnerships with government agencies and the non-profit sector: in order to ensure that financing amounts reach their beneficiaries.
Counseling, guidance and training, through:
Which was established by the bank for the purpose of providing qualitative services in capacity building, guidance, business clinics and consultations for entrepreneurs from the country in general.
The Bank, in cooperation with the United Nations Conference on Trade and Development (UNCTAD), offers a global training workshop to build and develop entrepreneurial behaviors for small business owners.
The impact of electronic banking services on sustainable development:
Sustainable development is the process of meeting the needs of present and future generations without underestimating the resilience of life-supporting characteristics or the integration and cohesion of social systems. Constant, efficient and non-decreasing balance of natural resources such as the environment, groundwater and biomass. The electronic services of the Social Development Bank in providing advanced solutions help effectively in achieving the bank's strategy in sustainable development, whether social, economic or even environmental.
impact on sustainable development |
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Economic dimension:
Helping citizens overcome financial difficulties and developing community members by providing interest-free social financing to people with limited incomes.
Social dimension:
- Contribute to the establishment of families to achieve balance between the various classes of society, by supporting those who are about to get married.
Providing faster and better service to the target segment by applying the principle of electronic transformation of procedures
Environmental dimension:
Contribute to reducing dependence on paper transactions by applying the principle of electronic transformation of procedures. |
Social financing includes three types, which are (marriage, family, and restoration).It targets low-income people, as it gives them the opportunity to obtain simple and easy financing that enables them to meet some obligations arising from their basic needs. |
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Obtaining social financing |
Economic dimension:
Reducing the economic costs incurred by auditors visiting the bank's branches, as well as material costs
Social dimension:
Helping young men and women to practice self-employment and own their own projects.
Providing faster and better service to the target segment by applying the principle of electronic transformation of procedures
Environmental dimension:
Contribute to reducing dependence on paper transactions by applying the principle of electronic transformation. |
The Social Development Bank designed the Masarat program to be the support arm for young men and women who have a desire and ambition to practice self-employment and pave the way to success towards self-independence by owning their own projects |
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Obtaining production financing |
Result: 1.7 (From 3 Ratings)