Signing a partnership with Dad's Industrial Chamber

Sunday-2017-10-08

The Bank for Social Development signed a joint cooperation agreement with its father ' s Industrial Chamber, Sunday, 1/1/1439 at the Bank headquarters in Riyadh.

The Bank for Social Development signed a joint cooperation agreement with its father ' s Industrial Chamber, Sunday, 1/1/1439 at the Bank headquarters in Riyadh.

The Convention was signed by the Bank, H.E. the Director-General of the Bank, Dr. Abdullah Bin Abdulrahman Al-Namla, and by the President of the Board of Directors, Engineer Abdullah Bin Said Al-Mati, in the presence of a number of officials of the two bodies.

This Convention is for the benefit of the Bank for Social Development to support, sponsor and finance micro-enterprises and projects of productive families and artisanal and artisanal industries in Saudi Arabia, and touches the support, financing and care they need.

This Convention has been signed in view of their specificity, commercial nature, social and economic environment and the support, financing and care services they require, as the father ' s room is spurred by many development programmes and is considered to be developmentable local experiences and to foster a culture of self-employment and self-reliance in providing self-employment through the provision of multiple services, including microcredit and care.

The Bank for Social Development has allocated a special portfolio to fund projects under this Convention in the amount of R$4.000.000.000.000.000.