The Social Development Bank has a 53-year career and launches the 30th Avenue project

His Royal Highness Prince Faisal Bin Bandar Bin Abdulaziz, Prince of the Riyadh Region, sponsored a 53-year concert for the Social Development Bank, the launch of the 30th Avenue, as well as the signing of four agreements to support the non-profit sector, business leaders and self-employed practitioners, in the presence of H.E. the Minister of Human Resources and Social Development, the President of the Board of the Bank of Engineer Ahmed Ben Suleiman Al-Rajhijai, a number of His Excellency, business leaders, business leaders and partners.

At the beginning of the ceremony, the Prince of the Riyadh region launched the Jeddah 30 initiative, one of the Bank ' s main projects to support business leaders and small and emerging entrepreneurs, within the Bank ' s vision of transforming its affiliates into interactive development communities, which embraces innovation and entrepreneurial leadership and provides a catalytic environment for economic and social growth.

The ceremony saw the signing of five development cooperation agreements, including:

:: Agreement with the Public Authority for Stops and the Associations Support Fund to establish a 50 million rials fund portfolio to support the non-profit sector.

:: Two agreements with the Arab National Bank and the Saudi French Bank for the establishment of a 100 million-region finance governorate to support business leaders and emerging enterprises.

:: Two agreements with the Development Bank and the Arab National Bank to launch a free work card to support self-employment practitioners and enhance their access to financing solutions and banking services.

The ceremony also included honouring former Bank leaders for their efforts that contributed to strengthening the Bank ' s role in national development, as well as direct meetings with a number of business leaders who reviewed their success stories and a presentation of local arts and crafts as part of the Bank ' s efforts to support the creative economy.

Thank the leadership and the Prince of Riyadh for their continued support for social development

His Excellency the Minister for Human Resources and Social Development, President of the Board of Directors of the Bank for Social Development, Engineer Ahmed Al-Rajjay, thanked the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, his honour to the President of the Council of Ministers, Prince Mohamed Ben Salman bin Abdul Alamez-Kabullah, for the generous, sustained attention and care of the non-profit sector and sustainable development.

His appreciation to His Royal Highness Prince of the Riyadh region for his sponsorship and honour of this event, stating that the growth and development of this vital sector is an extension of our wise leadership in empowering people, building a prosperous society and enhancing the impact of development work at the economic and social levels, in order to achieve the goals of the Kingdom ' s Vision 2030.

His Excellency noted that the Bank for Social Development continued to perform its national message by empowering individuals, supporting business leadership and self-employment, and contributing to the promotion of financial and social inclusion, in line with the aspirations of good leadership and the vision of the Kingdom of 2030.

Hamdi: Jed. 30 is a qualitative step in building a stimulating pilot environment.

In turn, the Executive Chairman of the Bank, Engineer Sultan Bin Abdulaziz Al-Hamdi, emphasized that the launch of Jeddah 30 was a qualitative shift within the Bank ' s strategy to promote a business-led environment and support for small and emerging enterprises, noting that 53 years after the founding of the Bank was the culmination of a national track with achievements and development contributions.

The ceremony concluded with a reaffirmation of the commitment of the Bank for Social Development to continue to innovate in providing financing and social solutions, empowering the homeland and strengthening its contribution to building a strong and sustainable national economy.