During Its Participation at Money 20/20 Social Development Bank Signs SAR 80 Million in Financing Agreements to Support SMEs and Entrepreneurs

Thursday-2026-09-17

The Social Development Bank (SDB) is participating in the second edition of Money20/20, held in Riyadh from 14 to 16 September 2026, where it is showcasing its latest development and financing services and solutions to conference visitors.
As part of its participation, SDB signed strategic cooperation agreements with a total value of SAR 80 million with Lendo Financing Company, and Manafa Company. The agreements aim to establish joint financing portfolios to support and finance small and emerging enterprises, while enabling the private sector to play a more active role in driving the growth of promising economic sectors.
SDB also signed a cooperation agreement with Drahim Financial Technology Company to expand the provision of savings services and reach a broader segment of Saudi citizens. The agreement is intended to further promote a culture of saving and enhance financial awareness across the community.
Commenting on the Bank’s participation, Eng. Sultan bin Abdulaziz Al-Hamidi, CEO of the Social Development Bank, said that SDB’s presence at Money20/20 reflects its continued commitment to strengthening its role within the financial ecosystem and expanding strategic partnerships with the fintech sector. He added that these agreements demonstrate the Bank’s commitment to developing sustainable financing solutions that broaden access to finance for entrepreneurs and emerging enterprises, while advancing financial inclusion and increasing the private sector’s contribution to GDP, in line with the objectives of Saudi Vision 2030.
Through its pavilion at Money20/20, SDB continues to showcase its latest financing services and solutions for entrepreneurs, while highlighting its integrated development journey in supporting self-employment, promoting a culture of saving, and empowering emerging enterprises. This participation further reflects the Bank’s institutional leadership and its commitment to adopting advanced digital and technological solutions that contribute to serving and strengthening the national economy.