Partnership agreement with the Multipurpose Cooperative Society

Thursday-2017-01-19

Signing of a joint cooperation agreement between the Bank for Social Development and the Multipurpose Cooperative Society in Manar City

The Bank for Social Development signed Sunday 12, 1438, a cooperation agreement with the Manar City Multipurpose Cooperative Society to support, sponsor and finance microenterprises and productive families.
The Convention was signed by H.E. the Director-General of the Bank, Dr. Abdullah Bin Abdulrahman Al-Namla, and by the Assembly, the President of the Governing Council, H.E. Engineer Hamoud Bin Alith al-war.
The Convention is intended to support, sponsor and finance micro-enterprises and projects for productive families and artisanal and artisanal industries in Saudi Arabia, and the support, financing and care services they need. In addition, the Multipurpose Cooperative Society has development programmes and is considered to be a developmentable local experience and to foster a culture of free work and self-reliance in providing self-employment opportunities. The services of the Convention cover the target groups of citizens applicable to the geographical area.
The provisions of this Convention apply for a period of three years from the date of its signature, where the Bank has allocated a funding portfolio to the Assembly of 4,000 rials.