In order to strengthen and build strategic partnerships... The Social Development Bank signs an agreement with Uber

Within the agreements that were signed at the “Thamarat” event, and in the interest of strengthening and building strategic partnerships with vital sectors in the Kingdom.

Within the agreements that were signed at the “ Thamarat ” event, and in order to strengthen and build strategic partnerships with vital sectors in the Kingdom, the Social Development Bank, represented by the Bank’s General Manager, Mr. Ibrahim bin Hamad Al-Rashed, concluded the second agreement to stimulate and empower the target groups within the taxi and school transportation product in joint cooperation. With Uber, the leading company in the field of providing transportation services via smart phone applications, on Sunday 9/12/1439 within the bank’s tent at the Thammarat exhibition in the Riyadh International Convention and Exhibition Center, in the presence of a number of officials from both sides .

The joint cooperation agreement between the Social Development Bank and Uber aims to provide a package of financial and non-financial services to support the youth and beneficiaries of the country and enable them to practice self-employment and self-employment by taking advantage of the financing options in the taxi and transportation path at the bank, provided that the company builds capabilities. With young people, they are trained, qualified, and followed up on their performance during their funding period .

The Social Development Bank is keen to strengthen and build strategic partnerships with vital sectors in the Kingdom with the aim of empowering young people and encouraging them to practice entrepreneurship and benefit from opportunities and initiatives in promising markets such as delivery and logistics services, which are enjoying significant growth .

Young people wishing to benefit from financing opportunities in the taxi and transportation sector can apply directly through the bank’s website www.sdb.gov.sa to obtain financing worth up to 200,000 riyals .