The Social Development Bank launches a support initiative worth 12 billion riyals

Based on the keenness of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz – May God protect and protect him – His Highness the Crown Prince, the Trustworthy, to respond to the needs of his citizens in various aspects of life and provide them with all the means of comfort, reassurance and decent living, and to support emerging and small enterprises to enhance their contribution to the national economy by providing support programs to entrepreneurs that enable them to start their commercial projects and ensure the continuity of their activities in the face of emergency crises, The Social Development Bank, with the support of the National Development Fund, approved a support program for owners of emerging and small enterprises in promising and priority sectors, in addition to families with limited income, with financing allocations amounting to 12 billion riyals, aiming to mitigate the expected financial and economic impacts during the confrontation with the Corona virus. (COVID-19) on both individuals and emerging and small enterprises.