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Abolish the charity fund and transfer its functions to the bank

Abolish the charity fund and transfer its functions to the bank

His Excellency the Minister for Human Resources and Social Development, President of the Board of Directors of the Bank for Social Development, Engineer Ahmed Ben Suleiman Al-Rajjay, thanked the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, Samu and his Under-Secretariat -- for the decision of the Council of Ministers to abolish the terms of reference and functions of the Social Charital Fund and transfer it to the Social Development Bank, which would maximize impact and expand the services of the targeted citizens. His Excellency explained that the resolution extended the process of reform and the ongoing administrative structure, in harmonizing actions, in accordance with a comprehensive strategy and consolidating efforts to provide social benefits under one umbrella, reflecting the support and sponsorship of good leadership for the development sector in accordance with the Kingdom ' s 2030 vision. For his part, the Executive Chairman of the Bank for Social Development, Ibrahim Bin Hamad Al-Rachd, emphasized that moving the Fund ' s concerns to the work of the Bank would ensure the sustainability of services for the target group and open the way for more citizens to benefit from the services and programmes of the Bank ' s Financial and Non-Financial Social Development Bank, which was consistent with the Bank ' s strategy to empower citizens and provide effective support for their social and development needs, the main role since its inception of investors.

Thursday-2022-06-23
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His Highness the Prince of the Riyadh region receives the Executive Chairman of the Social Development Bank

His Highness the Prince of the Riyadh region receives the Executive Chairman of the Social Development Bank

His Highness the Prince of the Riyadh region receives the Executive Chairman of the Social Development Bank. His Royal Highness Prince Faisal Bin Bandar Bin Abdulaziz, Amir of the Riyadh region in his office, received today the Executive Chairman of the Bank for Social Development, Ibrahim Al Rashid, and a number of Bank officials. His Highness heard an explanation of the Bank ' s achievements in the region and a report on the current bank ' s portfolio, and its productive and social loans to citizens and women in Riyadh. Cooperation between the Principality and the Social Development Bank has also been discussed in a number of developmental areas that support common objectives.

Thursday-2022-06-16
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Convention on Support and Financing

Convention on Support and Financing

the social development bank signed a cooperation agreement with the stc channel company, to finance small and emerging enterprises and free labour in the communications market, through a portfolio of 150 million rials. the convention was signed by the executive president, professor ibrahim bin hamad al-rashid, and by the executive chairman ' s canal company, engineer faisal ibrahim al-atik. the social development bank/can convention aims to provide a package of financial services provided by the bank to support young people and national beneficiaries and enable them to engage in self-employment through the company ' s digital delivery (d) platform by making use of financing options in the bank ' s entry into force product, which provides funding up to 150,000 rials. in addition, those wishing to start establishing their business in communications activity could benefit from the bank ' s funding to support the projects, as well as from the company ' s experience in setting up the sales outlets. it should be noted that the social development bank provides funding for self-employment to citizens who are able to work and have not found a career opportunity or wish to increase their monthly earnings, as this convention will contribute to the achievement of flexible work targets.

Wednesday-2022-05-25
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Ambertic resuming in the poems

Ambertic resuming in the poems

The Saudi Empretec programme for business leaders of the United Nations Organization for Trade and Development (UNCTAD), implemented by the Bank for Social Development on 30th Avenue, was launched on Saturday night and continues until next Thursday with 50 hours of training and full capacity. The programme was resumed after a one-year interruption due to the conditions of the pandemic and the Saudi Empretec programme focuses on promoting the grey behaviour required by business leaders and entrepreneurs from micro, small and medium-sized enterprises to contribute to the support of the pioneers to improve their work and make them more efficient and competitive locally and internationally so as to enhance their growth in order to achieve the Kingdom ' s 2030 vision of private sector participation in gross domestic product. The programme provided by the Bank for Social Development provides participants with an objective and comprehensive assessment of their potential for leading competencies and tools for the exercise and application of the personal competencies of the successful leader, as well as for enhancing confidence in the participating individual. The Bank for Social Development seeks to empower business leaders and leaders in the Kingdom by attracting international programmes that have adopted intensive training workshops that positively reflect the Kingdom ' s enterprise owners to increase the chances of business success and give the opportunity to experience real experiences and assess the strengths and weaknesses of the country, thus creating an economic development environment that contributes to the desired aspirations. It should be noted that the UNCTAD International Empretec programme was launched in Saudi Arabia in 2013 by the Bank for Social Development, and 22 training workshops were held at the Kingdom area level, targeting leading employers in both Riyadh, Jeddah and Damam, and is currently being held in the Al-Qalem region of Prida City, and the Social Development Bank is moving forward to expand the programme in all regions of the Kingdom.

Sunday-2022-05-22
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The Bank for Social Development organizes the first meeting of project managers.

The Bank for Social Development organizes the first meeting of project managers.

The Bank for Social Development organized the first project managers ' forum, with the presence and sponsorship of the Bank ' s executive head, underscoring the importance of project managers and their important role in the next phase. The project managers ' forum is the first qualitative meeting that brings senior leadership together all project managers in the Bank, From the beginning of this year to the end of the first quarter, 2022. Many meetings and workshops were held on all internal and external projects, with the participation of all project management offices in the relevant sectors and departments One of the most important achievements of this phase is the compatibility of all project departments in all sectors of the Bank according to a specific methodology, on which all projects have been aligned and their contribution to the Bank ' s annual strategy and objectives has been confirmed. During the Forum, the project management system was launched by H.E. the executive head, which is a gateway and platform for project management and performance measurement and is a automated platform for project management methodology procedures. The Entrepreneurship Club or the so-called PMO community have also been launched by H.E. the Executive Chairman and Project Club interested in enhancing communication between project managers and promoting a culture of project management, awareness-raising and dissemination of knowledge. The detailed project club plan will soon be launched.

Sunday-2022-04-17
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The Bank for Social Development announces the support of business leaders in the Kingdom over 11 billion rials in the three years

The Bank for Social Development announces the support of business leaders in the Kingdom over 11 billion rials in the three years

THE BANK FOR SOCIAL DEVELOPMENT PARTICIPATED IN THE WORLD BUSINESS LEADERSHIP CONFERENCE IN RIYADH, ORGANIZED BY THE GENERAL AUTHORITY FOR SMALL AND MEDIUM ENTERPRISES IN COLLABORATION WITH THE GLOBAL NETWORK OF BUSINESS LEADERS, GÉN UNDER THE THEME " RENEWING - INNOVATING - RENEWING " , 27-30 MARCH 2022. DURING ITS PARTICIPATION ON THE FIRST DAY OF THE CONFERENCE, THE BANK ANNOUNCED THE ALLOCATION OF R$ 11 BILLION TO FINANCE BUSINESS LEADERS IN THE KINGDOM IN THE NEXT THREE YEARS, TO CONTINUE ITS EFFORTS TO EMPOWER SAUDI YOUTH AND PROMOTE INCLUSIVE NATIONAL DEVELOPMENT. IN TURN, THE EXECUTIVE CHAIRMAN OF THE BANK, IBRAHIM BIN HAMAD AL-RAQID, PARTICIPATED IN A DIALOGUE SESSION ENTITLED " THE ROLE OF FINANCING SOLUTIONS IN SUPPORTING BUSINESS LEADERSHIP AND THE GROWTH OF SMES IN ACCESSING FINANCIAL MARKETS AND ENHANCING THEIR CAPACITY TO MEET DEMAND FOR DOMESTIC CONTENT " , WITH A NUMBER OF BUSINESS LEADERS, EXPERTS, INVESTORS AND DECISION MAKERS PRESENTING THAT BUSINESS FINANCE PROGRAMMES FROM THE BANK FOR SOCIAL DEVELOPMENT IN THE PAST EXCEEDED 10 BILLION RIALS, INDICATING THAT SUCH SUPPORT HAS CONTRIBUTED TO MORE THAN 100 JOBS. DURING THE COMING PERIOD, THE BANK HAD ALLOCATED A NUMBER OF FUNDING, TRAINING AND CARE PROGRAMMES TO SUPPORT BUSINESS LEADERS IN THE ESTABLISHMENT AND DEVELOPMENT OF THEIR PROJECTS, WITH THE AIM OF FINANCING OVER 68,000 EMERGING AND SMALL ENTERPRISES OVER THE NEXT THREE YEARS WITH GOD ' S PERMISSION. CONSCIOUS OF THE IMPORTANCE OF PARTNERSHIPS IN ADVANCING THE DEVELOPMENT PROCESS, THE BANK SIGNED, IN THE LIGHT OF THE CONFERENCE, A NUMBER OF IMPORTANT CONVENTIONS WITH SEVERAL STRATEGIC STAKEHOLDERS, WITH A VIEW TO PROVIDING TRAINING, REHABILITATION AND CARE SERVICES TO BENEFICIARIES OF BUSINESS LEADERS AND LEADERS, AND THE BANK FOR SOCIAL DEVELOPMENT HAS BEEN ACTIVELY COMMUNICATING WITH GUESTS AND VISITORS TO PUBLICIZE ITS FINANCIAL AND NON-FINANCIAL SERVICES AND PROGRAMMES THROUGH THE BANK ' S WING OF THE CONFERENCE ' S CONVENTORY PRESENTATION AND INVITED EXPERTS.

Sunday-2022-04-03
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Last Modified Date 06/05/2026 - 2:04 AM Saudi Time

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