The Social Development Bank is signing a memorandum of understanding with Jeddah University to support the Totwin 3 graduates

Monday-2021-01-11

In the presence of His Royal Highness Prince Mullah Bin Majid Bin Abdulaziz, Governor of Jeddah, the Bank for Social Development signed a memorandum of understanding with the University of Jeddah to support and finance pilot projects for the Tutsinov Graduate and to provide a package of non-financial services such as training and consulting. The memorandum was signed by H.E. Dr. Adnan Ben Salem Hamidan, President of the University of Jeda and H.

The MOU aims to build a strategic relationship between the Bank and Jeddah University by providing services, funding solutions and non-financial services to students of the Jeddah University, as well as those in the Jodah Resettlement Training Programme in Jeddah governorate in its third phase, Totwin3, one of the initiatives of Jeddah governorate that will be operated by the University, and the Bank will be involved in project arbitration and funding.

This is based on the role of the Bank for Social Development in supporting and empowering youth and promoting financial autonomy for individuals through a package of social financing products and non-financial programmes and services that contribute to citizen empowerment.

Totine 3 is a training programme for job consolidation in Jeddah governorate, which includes many training programmes, expansion of the economic base and employment opportunities for Saudis through empowerment and leadership paths, where the programme offers many distinct training opportunities that match the needs and requirements of the labour market.

It should be noted that the Bank ' s funding volume in Jeddah governorate benefited more than 39,000 citizens with a financial value exceeding R$ 8.9 billion.