8 billion diagnoses financing in 2024

Thursday-2024-12-26

The Bank for Social Development announced its results for 2024m with extensive funding and coverage of various segments in the various sectors, with a total of 122 thousand beneficiaries of its lending operations; total funding for business leaders and small and emerging enterprises (2.6 billion) was received by the President of Yemen, benefiting more than 7000 enterprises, total funding for free work and productive families (2.8 billion) of R$2 billion for other beneficiaries, total social funding and development (2) billion for R$4 billion.

His Excellency began by thanking good leadership for the unlimited support for the social development sector and announced the achievement of the 2024m target, which stems from the care given by the King Salman Bin Abdulaziz Al Saud ' s Custodian, and his guardian, God-giving, to national development efforts; His Excellency " The Bank for Social Development and Innovation as one of the financial pillars of the world ' s world ' s world ' s world ' s world ' s world ' s business leaders and the young people ' s creativity and the young and the world ' s creativity " s creativity " s creativity " s creativity " s creativity " .

The Bank has continued its efforts to provide non-financial services, with some 120,000 people benefiting from empowerment and development services, as well as the 30th Avenue, which is the largest area of labour in the Middle East, reflected in the increase of its branches to 11 branches in various parts of the Kingdom, and the Bank aims to reach 17 branches around the Kingdom in the coming years. In addition to strengthening the savings and financial awareness culture, during 2024, 57 thousand new savings accounts were opened within the Savings Supply and Generation programmes.

The Bank also launched the Social Responsibility Initiative this year, with the aim of urging private enterprises and actors to be a key partner in building strong and sustainable economies, and agreements have been concluded to establish a portfolio of social responsibility of over 215 million rials to support the community in various areas, and the Bank aims to reach a billionaire portfolio that contributes 1.6 billion rials to the Kingdom ' s GDP.

The Executive Chairman of the Social Development Bank, Engineer Sultan Bin Abdulaziz Al-Hamdi, said: " The achievements of the Bank during 2024m are the result of an ambitious vision aimed at promoting financial inclusion, supporting business leadership, enabling different groups to realize their aspirations, seeking inclusive development through an integrated service system, including finance, training and extension, as well as supporting promising sectors such as financial techniques, games and e-mail, where total funding has grown since its launch. Hamdi added that the generous care given to the social development sector by the Government of the Custodian of the Two Holy Mosques -- God ' s Almighty -- had contributed to economic and social sustainability, to support citizens ' capacities for their projects and to create a attractive labour market for local and global capacities.

During the current year, the Bank has participated in a number of local, regional and international events and exhibitions, including cooperation with the Public Entrepreneurship Authority with a view to supporting the projects of productive families and the enforcement of their products in the Riyadh 2024m. The Bank has strengthened its leadership with a number of well-known local and international awards, through the award of the best finance authority for business leaders in the Middle East and North Africa, using the Global Forum for SMEs as an effective pilot. In the area of productive families, the Bank has awarded the Princess Sabikah Bint Ibrahim Al-Khalifa ' s Prize on the " Excel " initiative, which seeks to transform productive families into sustainable economic entities.