His Highness the Prince of the Northern Border is witnessing the signing of a cooperation agreement between the Bank and the Society of Charity

Thursday-2021-05-27

His Royal Highness Prince Faisal bin Khalid bin Sultan Bin Abdulaziz, Prince of the Northern Frontier Region of the Principality, witnessed today the signing of a cooperation agreement between the Bank for Social Development, which is represented by the Director of the Bank ' s Branch at Aerr Yusuf Al-Anzi and the Al-Awaikil Charitable Society, represented by the President of the Governing Council, Saudi Al-Husani.

The provisions of the Convention include the provision of concessional and interest-free loans to the Assembly with a view to operationalizing the role of the non-profit sector by shifting from pastoral efforts to development efforts by enabling beneficiaries to carry out economic activities that are suited to their skills in order to achieve sustainability and growth of income and decent living standards, as well as enabling community associations and institutions to manage microenterprises to finance micro and microenterprises, support and build productive families.

His Highness the Prince of the Northern Frontier Region welcomed this strengthened partnership for the integrated, collaborative and efficient efforts to address the issues of destitution and the need within the framework of the State ' s directions to shift from the need to sustainable production by relying more on the capabilities and self-skills of the indigent, building on the specific partnerships of the region in accordance with contemporary charitable concepts, underlining the importance of putting in place the operational strategies, outcomes and operational plans that are less conducive to the project and the operational, and the operational and the operational ideals.

His Highness stated that this required further deep analysis, careful diagnosis and practical innovative solutions, calling for the study of successful domestic and international experiences in this area and guiding the building of a local development therapy model that fits the profiles of needy families in the region, stressing that the chances of success were very high with unlimited support for wise leadership, in accordance with the goals of the Kingdom ' s Vision 2030 and integration, and with the Ministry of Human Resources and Social Development ' s more specialized initiatives to develop.