Memorandum of Understanding between the Bank for Social Development and the Saudi Company for Basic Industries (SPEC)

Tuesday-2018-01-02

The Bank for Social Development signed a memorandum of understanding with the Saudi Company for Basic Industries (Sabak) at the headquarters of the company in Riyadh, where the Convention was signed by H.E. the Director-General of the Bank, Dr. Abdullah Bin Abdul Rahman Al-Namla, and by Sabek, Vice-President of the Governing Council and Executive Chairman Yusuf Bin Abdullah Al-Benyan.

The Bank for Social Development signed a memorandum of understanding with the Saudi Company for Basic Industries (Sabak) at the headquarters of the company in Riyadh, where the Convention was signed by H.E. the Director-General of the Bank, Dr. Abdullah Bin Abdul Rahman Al-Namla, and by Sabek, Vice-President of the Governing Council and Executive Chairman Yusuf Bin Abdullah Al-Benyan.

The note aims to identify ABasis for cooperation between the parties in enabling ESME entry into SAP local content programmesK The Bank is a specialized provider of finance products and services. GRay! Al!Finances for the small and medium-sized enterprise group through its multiple financing paths, with a view to creating and rehabilitating Saudi-owned businessesN In different industries and areas of both substantive and economic feasibility, Sapak is also a leader in community service initiatives and support and creation of attractive employment opportunities that create opportunities.Uh... Functional for all children of society, support and raise the level and competence of labour in Saudi Arabia.

The present note applies for a year renewable from 1/1/2018m to 31/12/2018m.