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Bank participation in inclusive sustainable financing

Bank participation in inclusive sustainable financing

THE BANK FOR SOCIAL DEVELOPMENT, TODAY, PARTICIPATED IN THE INTERACTIVE SESSION ENTITLED " SUSTAINABLE AND INCLUSIVE FINANCE " AT THE WEIF OPENING, ON THE MARGINS OF EXPO 2020 DUBAI, TO SUPPORT AND DEVELOP THE BUSINESS ENVIRONMENT IN THE KINGDOM. DURING A SPEECH AT THE CONFERENCE, THE EXECUTIVE VICE-PRESIDENT OF THE BUSINESS SOCIAL DEVELOPMENT BANK, SULTAN BIN ABDULAZIZ AL-HAMIDI, CONFIRMED THAT THE BANK WAS SEEKING TO BUILD A COMPREHENSIVE SUPPORT SYSTEM FOR SAUDI BUSINESS LEADERS, RANGING FROM MENTORING, TRAINING TO FINANCE, EXPANSION AND ACCESS TO NEW MARKETS, ADDING THAT THE BUSINESS FINANCING PROGRAMMES PROVIDED BY THE BANK FOR SOCIAL DEVELOPMENT IN THE PAST PERIOD EXCEEDED THE 10 BILLION RIALS, WHICH CONTRIBUTED TO MORE THAN 100,000 DIRECT JOBS. HAMDI ADDED THAT THE BANK HAD ALLOCATED MORE THAN 11 BILLION RIALS UNTIL 2025M TO SUPPORT BUSINESS LEADERS IN THE KINGDOM AND CONTRIBUTE TO THE GROWTH OF SMALL AND EMERGING ENTERPRISES TO REACH NEW MARKETS LOCALLY AND GLOBALLY. IN ADDITION TO FUNDING, THE BANK PROVIDED NON-FINANCIAL SERVICES THROUGH TRAINING AND CARE TO SUPPORT BUSINESS LEADERS IN THE ESTABLISHMENT AND DEVELOPMENT OF THEIR ENTERPRISES THROUGH ITS ARM OF THE DELNI BUSINESS CENTRE. ON THE OTHER HAND, IN VIEW OF THE IMPORTANCE OF PARTNERSHIPS IN ADVANCING THE DEVELOPMENT PROCESS, THE BANK SIGNED ON THE MARGINS OF THE CONFERENCE A SERIES OF IMPORTANT COOPERATION AGREEMENTS AND MEMORANDUMS, WITH A VIEW TO PROVIDING TRAINING, REHABILITATION AND CARE SERVICES TO BENEFICIARIES OF BUSINESS LEADERS AND LEADERS AND MARKETING PRODUCTS OF PRODUCTIVE FAMILIES.

Thursday-2022-03-31
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Support for leaders at the World Defence Fair

Support for leaders at the World Defence Fair

The Bank for Social Development participated in the first edition of the World Defence Expo, launched in Riyadh, under the auspices of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud, Al-Ka ' ullah, with the participation of 600 sides of more than 40 nations around the world. Throughout the exhibition days, the Bank Pavilion has many funding services in support of business ventures in military industries, as well as through specialized arms, such as the Dullney Centre and the Empretec Centre, to provide non-financial services, in order to increase the efficiency and capacity of business leaders to contribute to the productivity of the national economy. The Executive Chairman of the Bank, Ibrahim Bin Hamad Al-Raad, commended the importance of the World Defence Expo, which was first organized in Riyadh, in keeping with the Kingdom ' s Vision 2030 goals, and interacting with global developments in the area of security and defence, including pilot and diversified projects funded by the Bank for business leaders in military industries through the partnership of their institutions with the Ministry of Defence. The petitioner stressed that the Bank ' s funding programmes provided small enterprises with a funding ceiling of up to 10 million rials, with a grace period of up to one and a half years to enable them to grow rapidly and contribute actively to the areas of logistics industries and services. It is reported that the Bank for Social Development has financed over 30,000 enterprises during its history, of which 6,000 were funded during 2021m for three billion rials, and the largest bank for financing small enterprises.

Sunday-2022-03-13
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The Social Development Bank signed a cooperation agreement with the Abdulaziz Charitable Foundation.

The Social Development Bank signed a cooperation agreement with the Abdulaziz Charitable Foundation.

Information Centre -- February 2022 In pursuit of the development of the non-profit sector, the Bank for Social Development signed a cooperation agreement with the Foundation of Abdulaziz Al-Jamish, at the headquarters of the Delani Business Centre in Riyadh. The Bank represented H.E. Mr. Ibrahim Bin Hamad Al-Rashid, and the Foundation, in signing the partnership, H.E. the President of the Board of Trustees, Sheikh Hamad bin Abdulaziz Al-Jameh, while the signing ceremony was attended by H.E. Mr. Abdelaziz bin Hamad Al-Jameh, Vice-President of the Board of Directors of the Jameh Al-Jameh Foundation. The Convention aims to provide a rehabilitation programme for philanthropics to enhance their sustainability, including funding solutions of up to 10 million rials to philanthropics, as well as non-financial services, including advanced financial sustainability training programmes and consultations provided by the Foundation. The Convention provides that, in accordance with its experience in developing work, the Foundation shall rehabilitate and nominate actors to obtain financing products and non-financial products of training and consultation

Thursday-2022-02-17
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5 initiatives launched at the Belkren Forum

5 initiatives launched at the Belkren Forum

His Royal Highness Prince Turki Bin Talal Bin Abdulaziz, Amir of the Assir region, Chairman of the Regional Development Authority, witnessed the launching of five initiatives to support small and emerging projects in the areas of investment in the province of Balcorn. His Highness stopped a number of products from the Bank for Social Development, familiar with the Bank ' s projects in support of business leaders and leaders, conservative youth, and products for beneficiaries, during its sponsorship of the Social Development Forum, which was held at theatre of the Faculty of Science and Ethics for Girls in the governorate. The initiatives launched by the Bank for Social Development in the governorate of Balkran included five initiatives, namely, the allocation of 60 million rials to support small and emerging enterprises, targeting the areas of investment in the governorate of Balkren, with a view to achieving the Kingdom ' s vision of 2030, to create the artisanal products and vocational centres for the artisanal artisanal artisanal and vocational training. The fifth initiative, " Empowering productive families to access the market " , which begins in the second quarter of 2022m, signed a Convention of Understanding with the CSD of Bilqren to establish permanent and temporary outlets, electronic stores, training incubatorship, production and organization of specialized e-marketing courses, with a total funding provided by the Bank for Social Development of Bilgren Province of YRI 144 million, benefiting from 2577 citizens and citizenship, and access to non-production services, and non-producing services from non-free workshops, and employment in the governorate portfolio. The meeting included a presentation of the Bank ' s projects in support of business leaders, leaders and young conservatives, and the Bank ' s products to beneficiaries, with the presence of the Deputy Executive Chairman of the business sector, Sultan Bin Abdulaziz Hamdi, the Deputy Executive Chairman of the Strategic and Innovation Sector, Engineer Mead bin Nasser Al-Bishi, the Director-General for Empowerment and Development, Said Al-Zahrani, and a number of Business and local leaders.

Wednesday-2022-02-09
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Agreement with the Arab Bank to promote a culture of savings

Agreement with the Arab Bank to promote a culture of savings

The Bank for Social Development and the Arab National Bank have signed a convention on the implementation and launching of an innovative child-motivated savings product. Under this Convention, the Arab National Bank will join the list of Saudi banks approved for the product providing savings and financial and other assistance to the client in selecting the appropriate commercial bank for participation, with a view to achieving the goals of the Bank for Social Development associated with the savings programme aimed at developing financial instruments that will allow children to benefit from the programme ' s advantages, assist them and encourage them to save and not to be provided financial incentives. The Convention was signed by the Executive Chairman of the Social Development Bank, Professor Ibrahim Bin Hamad Al-Rashid, and by the National Arab Bank, a member of the designated Governing Council and Executive Chairman Obeid bin Abdulla Rashid. The Executive Chairman of the Social Development Bank, Professor Ibrahim Bin Hamad Al-Rashid, emphasized that the Convention was aimed at launching the Saud Saguir product and a generation producer through the National Arab Bank, one of the largest Saudi banks, whose accession would represent a qualitative addition to the scope of work, to include a very important group, the younger generation, indicating that the Social Development Bank, through the signing of these conventions, was seeking to contribute to a vision of 2030, to support a financial investment pillar of the sector development programme. For his part, Professor Obaid Bin Abdullah Al-Rashed stressed the concern of the Arab National Bank to provide all the facilities and possibilities for strengthening the experience of clients with the Safia product of various segments of society, namely, the category of emerging generations and productive families, and to keep abreast of the aspirations of the Bank for Social Development to raise the level of community savings to reach the goals of the Kingdom ' s Vision 2030 in the development of the financial sector, which in turn is a strategic objective of the Arab National Bank. On the other hand, during the past period, the Bank for Social Development and the Arab National Bank have completed the technical linkage for the Saguirre Producer, where the product has been effectively launched for programme customers, and it is now possible to benefit from the product for social loan customers as well as families produced through the Arab National Bank. It should be noted that the Savings Programme offers many features, such as a monthly cash incentive of up to 20%, full flexibility in savings management. The programme has met with social finance clients, as well as productive families, in addition to the generation supply product for the age group of 6-18 years, with more than 110,000 participants in savings and more than 11,000 children in total.

Sunday-2022-01-30
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Signing of agreements at Ngaran Forum

Signing of agreements at Ngaran Forum

His Highness Prince Gloi Bin Abdulaziz Ben, Assistant Emir of the Ngaran region, was sponsored today by the signing of a number of agreements among a number of actors in the National Forum for Saudi Innovation in the Ngaran region, in the presence of His Highness Prince Saud Bin Fahd Bin Abdulla, a member of the Board of Trustees, Vice-Chairman of the Executive Committee of the Princess Samita bint Abdalaziz for excellence in social work and His Highness Princess Sama Benslam Bin Mohamed Bens. The conventions included the signing of a memorandum of understanding between Prince Sita Bint Abdulaziz ' s Social Work Prize and the Social Development Bank, which aims to operationalize social responsibility and complementarity between the Bank and relevant stakeholders, the sustainability of the productive family sector, the increase in self-employment rates in productive family enterprises and their participation in the local economy, and the signing of the Convention by the University of Prince Site Abdulaziz, Secretary-General Dr. Fah bin Hamid Al-Maghat, and the Social Development Bank, Deputy Executive Vice-President of the Business Sector, Sultan Benazi. A memorandum of understanding was signed between the Bank for Social Development and the University of Ngaran with a view to operationalizing social responsibility and rehabilitating university graduates for self-employment and their participation in rehabilitation and training in business leadership in the region. The memorandum was signed by the University of Ngaran, President of the University, Dr. Abdulrahman bin Ibrahim Al-Khadiri, and the Social Development Bank, Deputy Executive Chairman of the business sector, Sultan bin Abdulaziz Al Hamdi. The Convention on the Implementation of the Vocational and Professional Rehabilitation Programme between the Bank for Social Development and the Community Commission for Social Development included the centres of Al-Hasin and Al-Masri, which aimed to empower families and individuals with the professional and professional skills needed to start their own work as productive families, improve the quality of products and services provided by productive families and increase the proportion of participation of target groups in the local economy. The Convention was signed by the Deputy Executive Chairman of the Bank of the business sector, Sultan, Sultan, Sali, Salih, Salih and Al-H. His Highness paid tribute to the convening of such community-based conventions that contribute to the operationalization of volunteerism and socialism.

Tuesday-2021-12-21
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Last Modified Date 06/05/2026 - 2:04 AM Saudi Time

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