Director General of the Bank: Bank association with the National Development Fund will support its objectives and enhance the efficiency of its programmes

Thursday-2017-10-05

H.E. the Director-General of the Social Development Bank, Dr. Abdullah Bin Abdulrahman Al-Namal, paid a generous royal order to establish a fund called the National Development Fund, to which the Social Development Bank and a number of development funds were organized.

H.E. the Director-General of the Social Development Bank, Dr. Abdullah Bin Abdulrahman Al-Namal, paid a generous royal order to establish a fund called the National Development Fund, to which the Social Development Bank and a number of development funds were organized.

Dr. Al-Namla, speaking on behalf of Masobi and the Bank ' s affiliates, expressed his thanks and appreciation for the position of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, and His Royal Highness Prince Mohamed Bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defence, who placed God on the organization whose primary objective was to achieve integration with the purpose of unifying government funding efforts and placing all funds under a single umbrella.

Dr. Al-Na ' ala stressed that the State had spared no effort with regard to its direction to various areas of development at all levels, social and economic, as this was seen through development plans and the regulation of legislation aimed at achieving the Kingdom ' s Vision 2030.

Dr. Ant concluded by saying that the association of the Bank for Social Development with the National Development Fund would support the Bank ' s objectives and enhance the efficiency of its microfinance, microenterprise development and sponsorship programmes.


H.E. the Director-General of the Social Development Bank, Dr. Abdullah Bin Abdulrahman Al-Namal, paid a generous royal order to establish a fund called the National Development Fund, to which the Social Development Bank and a number of development funds were organized.

Dr. Al-Namla, speaking on behalf of Masobi and the Bank ' s affiliates, expressed his thanks and appreciation for the position of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, and His Royal Highness Prince Mohamed Bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defence, who placed God on the organization whose primary objective was to achieve integration with the purpose of unifying government funding efforts and placing all funds under a single umbrella.

Dr. Al-Na ' ala stressed that the State had spared no effort with regard to its direction to various areas of development at all levels, social and economic, as this was seen through development plans and the regulation of legislation aimed at achieving the Kingdom ' s Vision 2030.

Dr. Ant concluded by saying that the association of the Bank for Social Development with the National Development Fund would support the Bank ' s objectives and enhance the efficiency of its microfinance, microenterprise development and sponsorship programmes.