Sign a memorandum of understanding between the Development Bank and the Buck Foundation

Wednesday-2017-01-11

The Bank for Social Development and the Beck Information Technology Logistics Foundation signed a memorandum of understanding for the delivery of reduced logistics services for microenterprises and household enterprises on Thursday, 9/3/1438 (E) 8/12/16), at the Bank Public Administration Headquarters in Riyadh.

This service has been initiated and signed by the Bank, the Assistant Director-General of the Bank for the Small Entrepreneurship of the Monthly Engineer and the Executive Director of the Baek Logistics Foundation, engineer Mohamed Bin Fahd al-Assan, whose purpose is to nail efforts between the Bank and the Foundation to provide the Bank ' s clients with the best-producing services, with the Bank ' s active participation of the logistics platforms.

His Excellency Engineer Ghazi Al-Sharani stated that the Bank, based on the directors of the Al-Khali workshop, which was sponsored by Minister Majid Al-Shabi, who discussed the challenges and projects of productive families and carried out with 77 proposed initiatives and solutions involving clients from productive families from various regions of the Kingdom, charitable associations and government agencies from the realities of productive families in the Kingdom, which resulted in the majority of logistical obstacles and difficulties encountered by launching families.

Professor Abdal Salam Tuigre, Director of Business Development, stated that the signing and inauguration of the memorandum of understanding with the Bak Foundation was only the early initiatives of the Social Development Bank with regard to logistical support for the micro-enterprise sector and domestic enterprises, the product of a philanthropic workshop in the face of the challenges of productive family enterprises, and Twitter noted that the microenterprise sector and productive families still needed to enter more investors in the area of logistics services.