1.7 billion diagnosed and activated social responsibility portfolio

Friday-2025-03-21

The Bank for Social Development held its first quarter of this year ' s periodic meeting under the chairmanship of H.E. Minister of Human Resources and Social Development, President of the Board of Directors of the Bank, Engineer Ahmed Bin Suleiman Al-Rajjai, and in the presence of Board members, where the Bank ' s performance was reviewed during the first quarter and a number of topics contributing to the strengthening of Bank ' s development services were discussed.

During the meeting, the Bank reviewed its efforts to empower small and emerging individuals and enterprises through sustainable financial solutions, with total funding exceeding 1.7 billion rials in the first quarter, benefiting more than 20,000 citizens and enterprises, with total funding for business leaders and emerging entrepreneurs reaching 505 million rials, benefiting more than 1,800 enterprises.

With regard to social finance, the Bank explained that during the first quarter, funding amounted to RM 504 million, benefiting more than 9,000 citizens through marriage products, family support and home rehabilitation, and that the number of beneficiaries of funding for self-employment practitioners and productive families was 8,000, with total funding exceeding RI 670 million, bringing a growth rate of 329 per cent over the previous quarter of the year.

In support of the culture of savings, approximately 17,000 savings have been included in the Savings Zod programme during this quarter, bringing the total number of subsidized savings since the launch of the programme to 250,000 citizens and citizens, totalling over 550 million rials in their savings accounts. Eighteen thousand leaders and business leaders also benefited from enabling and development services, which included capacity-building programmes, qualitative and specialized training, as well as market access.

The Executive Chairman of the Social Development Bank, Engineer Sultan Bin Abdulaziz Al-Hamdi, said: " This year we began to achieve qualitative achievements that serve the various segments of society, thanks to the support and sponsorship of our rational leadership to promote social and economic development, with the goals of Vision 2030. These figures reflect our commitment to support the national economy, promote the financial stability of families and create financing opportunities that contribute to the sustainable development of society. "

The first quarter of the year saw the launch and operationalization of the Corporate Social Responsibility Portfolio through the holding of a number of business speeds with a ready company, the Saudi People ' s Bank and Aqua Bauer, as well as the signing of a strategic agreement with the Housing Corporation, in its second version, to provide 4,000 housing units to eligible families in various parts of the Kingdom, in order to strengthen housing empowerment efforts and contribute to increasing citizens ' ownership of housing.

The Bank also focuses on supporting promising sectors of growth, such as sports, electronic games and technical business leadership, where sector finance portfolios have been raised to over 1.3 billion rials in conjunction with the work of the " Lip 2025 " conference last February to support games, sports and information technology development, under the umbrella of the National Development Fund, in collaboration with both the Saudi Federation of Electronic Sports and the National Centre.