The Minister for Human Resources and Social Development, Engineer Ahmed Bin Suleiman Al-Rajiya, Digital Funding Platform for Micro and Small Enterprises in Saudi Arabia, attended by H.E. the Chairman of the Board of Directors of the International Gulf Bank - Saudi Arabia, Engineer Abdullah Bin Zamil, H.E. the Executive Chairman of the Bank of the Bank of Saudi Arabia, and H.E.E.
The General Retirement Foundation and the Social Development Bank signed today Tuesday, 30, 1441H, 21 July 2020m, a joint cooperation agreement to facilitate the financing of retired clients of the Foundation for the products of the Bank for Social Development and to develop financial and savings awareness programmes for retirees through full electronic connectivity and accessible procedures.
The Social Development Bank achieved a record number in the financing of health facilities during the first half of 2020 compared to the first half of 1920, with a capacity growth of 30%. This is through the Bank ' s desire to accelerate funding for existing health-care facilities to enable them to continue their work and double access, production and services, which have contributed positively to the current efforts to overcome the supply of the Corona pandemic.
The Bank for Social Development announced a growth in funding rates for facilities financed by the Bank until the closure of the current mid-year period, with a rise in the volume of enterprise finance at the Bank, which resulted in a positive growth of the results of the first half of this year 2020m, and the month of June was issued as the highest month of funding for the Development Bank, despite the crisis of Corona, which has accelerated the world ' s supply and deposit.
Within the recently announced Social Development Bank support package, which aims to contribute to the alleviation of the financial and economic burdens resulting from the economic effects of the response to the new Corona pandemic, which included both: the postponement of the six-month period of repayment of the Bank-funded facilities from April and the rescheduling of existing funds, the Bank announced the completion of the processing of applications for use of the Initiative, which amounted to some 95,000 businesses in excess of the Bank-funded areas.
As part of the efforts led by the Bank for Social Development to stimulate free employment for citizens who are able to work and have no job opportunities, or to create jobs for citizens to increase their incomes, the Bank signed today Tuesday, 2, 1441 A, 23 June 2020, in Riyadh City, cooperation agreements with a number of technical companies with joint delivery and transportation platforms to support and finance citizens who wish to engage in free work by providing easy and fast-forward financing to enable them:.
Last Modified Date 06/05/2026 - 2:04 AM Saudi Time
