He thanked the Executive Chairman of the Cabinet for the composition of the Governing Council.
The Executive Chairman of the Social Development Bank, Ibrahim Bin Hamad Al-Rashid, thanked and appreciated the Khadim Al-Haram Al-Sharif, King Salman Bin Abdulaziz Al-Sawd, and Samu, vested by the Secretary-General, on the occasion of today ' s decision of the Council of Ministers to approve the composition of the Board of Directors of the Bank, chaired by the Minister of Human Resources and Social Development, and several members from several governmental and private sectors.
The Rashid said that the Cabinet ' s approval of the composition of the Governing Council was based on the good leadership ' s desire to continue the development process, in all aspects of our kingdom ' s life, in accordance with development plans and strategies, which would contribute to the realization of the Kingdom ' s vision 2030, which was compatible with the requirements of the phase, in the interest of the country and the citizen.
The Executive Chairman of the Bank stated that the Council of Ministers had previously adopted the draft amendment to the Social Development Bank system, which represented significant support for the achievement of the Bank ' s strategic objectives, by expanding the financing of small and emerging enterprises to raise their contribution to both the economy and local content, creating employment opportunities for youth and young women, as well as the rehabilitation and care of microenterprises and projects for productive families and self-employment practitioners.
Wednesday-2020-06-17
