Emir of Qassim: The Social Development Bank contributes to sustainable development

Emir of Qassim: The Social Development Bank contributes to sustainable development

His Royal Highness Prince Dr. Faisal bin Mishal bin Saud bin Abdulaziz, Emir of the Qassim Region, received the Director General of the Social Development Bank, Mr. Ibrahim bin Hamad Al-Rashed, in His Highness’s weekly session with citizens on Monday evening at the Tawheed Palace in Buraidah, in the presence of Their Excellencies, the Emirate’s agents, and sector officials. Government, private, and notables of the region, in which I discussed (the Social Development Bank and its role in financial and non-financial support).

His Highness emphasized that the Social Development Bank contributes to sustainable development and advances its acceleration, through its transition from pastoralism to developmental, and playing an important role towards empowering the nation’s young men and women in self-employment, through its lending services, programs and strategic plans, pointing out that the bank has a role By introducing the citizen, male and female, in turn, to benefit from its services created by the state - may God support it - through a convoy that travels through remote areas to introduce the services it provides. His Highness hopes that the bank will achieve the desired goals, which are compatible with the Kingdom’s Vision 2030.

The Bank’s General Manager, Ibrahim Al-Rashed, spoke about the bank’s role, its efforts, the services it provides, and the financing loans it provides to its beneficiaries in various ways, stressing that the bank is a national tributary with a solid foundation for 48 years. It has financed male and female citizens with more than 100 billion riyals, and bears its responsibility towards financing. Medium and small enterprises and changing social behavior from pastoral to developmental by supporting self-employment and productive families. Al-Rashed welcomed the signing of memorandums of understanding with the Qassim Youth Council and other parties to benefit from the bank’s services for male and female citizens, revealing the launch of a national competition that will start from Riyadh and then the rest of the regions of the Kingdom. In turn, the bank will help young people after the fees increase so that their projects are not hindered by recovering them through installments, pointing out that the bank is under the umbrella of the National Development Fund, and its board of directors is headed by the Minister of Labor and Social Development .
After that, the Director of the General Department of Strategy at the Social Development Bank, Moeid Al-Bishi, presented a visual presentation on the visions, directions and strategies of the Social Development Bank, its programs and initiatives, which received praise from the audience, expressing their admiration for the achievements made by the bank and the huge numbers, wishing all its employees further excellence. Al-Bishi pointed out that the Qassim region It is the second largest branch of the bank in lending to projects. 115,000 beneficiaries benefited from social loans worth 4.4 billion riyals, and production loans for 1,872 projects worth 396 million riyals, reviewing the bank’s goals and programs, and success stories of some projects funded by the bank across the Kingdom. He also reviewed the success stories of some projects in the Qassim region, indicating that the value of loans disbursed to citizens since the bank’s founding, including social and production loans, amounted to 102 billion riyals. The bank also financed more than 50,000 development projects in various sectors, and that 38% of the total clients of the Excellence Path are women, and 30,000 students are studying in The education schools that the bank supported, and it also contributed to generating job opportunities for more than 70 thousand job opportunities for more than 50 thousand projects. As for the role of the National Committee for Saving Individuals through their savings that are appropriate to the segments of society and harmonizing among them, and that the bank aspires to organize and diversify its business and activities Productive families and creating sustainable opportunities for their practitioners and supporting their development, in addition to an empowerment program to support the non-profit sector of charities and civil society organizations, where 31 associations were empowered across the Kingdom and transferred to development work, and 30% of those empowered are beneficiaries of social security services, indicating the participation The bank will support Emiratisation programs, as it will expand into products that suit the needs of the labor market starting in 1440 AH and that serve Emiratisation in various activities.
At the end of the session, many attendees participated by offering their input on the role of the bank and the services and programs it provides to male and female citizens, and discussed the best ways of cooperation with government agencies .

On the other hand, His Excellency the General Manager of the Bank and the team accompanying him visited the bank’s branch in Buraidah and met with the branch’s employees. He met a number of citizens and listened to their conversations and complaints. His Excellency stressed the employees to make more efforts to serve the bank’s customers and gain their satisfaction .