The Bank for Social Development expands the finance service for investors and business leaders through the horizon product

Wednesday-2021-04-07

The Social Development Bank launched a " supplicity " campaign aimed at expanding the financing of investors and business leaders through the " horizon " product, where the Bank designed the product to finance companies and enterprises up to 10 million rials for existing enterprises with a market presence exceeding 3 years.

The " horizon " product for financing existing enterprises is a reflection of the Bank ' s strategic directions in supporting small enterprises with a view to raising their contribution to the local economy and creating employment opportunities for citizens. The product is aimed at financing enterprises that work in the areas of industry, education, quality of life, recreation, tourism, technology, retail and other vital sectors of economic interest.

It should be noted that the Bank provides a package of backstopping programmes to enable business leaders to sustain their businesses as part of supporting the business leadership system, providing financial and non-financial solutions through the provision of appropriate funding, training and specialized consultancy services, including the Delni Business Centre, which provides training and guidance to emerging and small enterprise owners, and the AMPRETEC programme is the building and development of leading behavioural indicators needed by business owners in emerging and small enterprises.

Those who wish to benefit from the financing of a horizontal product, and learn more about it, visit the Bank website.
https://www.sdb.gov.sa/ar-sa/horizon-2