The Social Development Bank is signing a memorandum of understanding with the King Abdullah Human Foundation to support the non-profit sector

Wednesday-2024-06-19

To enable institutions and associations of orphans and their beneficiaries
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The Bank for Social Development signed a memorandum of understanding with the King Abdullah Foundation for Humanity, with the aim of enabling non-profit sectors and institutions supporting orphans. This is done in the context of enriching the Bank ' s portfolio of social responsibility to support the institutions and associations of orphans and their beneficiaries, thereby achieving the economic and social development goals of the parties and promoting the principles of sustainability and long-term impact. For his part, the Executive Chairman of the King Abdullah Foundation for Humanity, Professor Sleiman Bin Abdulaziz Alzbin, said: " We are enthusiastic for this development partnership with the Bank for Social Development, in particular as a focal point for a noble humanitarian cause, namely, to support orphans and enable them to work as leaders, as well as to contribute to the sustainability of income to specialized institutions and associations with support for orphans, together, through rehabilitation, training, the provision of all Saudi associations, and consultations and initiatives with a strong social and social and economic and economic dimensions. It is expected that this partnership will contribute to the generation of jobs for the beneficiaries of orphanages and institutions, as well as to promote the sustainability of those non-profit sectors and equitable access to opportunities for all the citizens and daughters of the Kingdom, thereby deepening the development impact, helping the partnership between the Bank for Social Development and the King Abdullah Foundation for Humanity to reach more beneficiaries in various regions of the Kingdom, broaden the development horizon and strengthen the non-profit sectors of the institutions and associations concerned with orphans.