It was signed by the Asharqia Chamber and the Social Development Bank

The Development Bank signs a memorandum of understanding to develop financial culture among owners of small enterprises

On Monday (August 14, 2017), the Social Development Bank and the Asharqia Chamber signed a memorandum of understanding to implement training and qualification programs for the purpose of raising the level of “financial culture” among the segment of investors in small and medium enterprises, and raising the level of their contribution to achieving sustainable national development, in accordance with scientific principles and principles.

The memorandum, which was signed by the bank’s representative, Dr. Abdullah bin Abdulrahman Al-Namla, and the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabel, stipulates:

Small and medium enterprises in supporting the owners of these enterprises and providing all means to make their projects successful and develop their skills and information, and since the Social Development Bank’s goals are to spread awareness of financial culture and awareness of self-employment according to modern methods, the memorandum reflected the desire of both parties for joint cooperation for the purposes of spreading educational awareness for investors in the private sector. About the important aspects of developing the skills of owners of small and medium enterprises and making their businesses successful in a way that serves the honorable citizen for the prosperity and success of this generous nation

The memorandum specified the tasks of the Asharqia Chamber in nominating trainees from project owners for the relevant training programs and activities (in agreement with representatives of the bank), and providing appropriate headquarters in the room equipped according to what is available to hold joint activities and events for the purpose agreed upon in the memorandum within the appropriate timetables for both parties.

On the other hand, the memorandum specifies the bank’s most prominent obligations in providing scientific material, activities, and education and awareness programs in the economic field to serve the work of small and medium enterprises, as well as providing lecturers, trainers, provided material, and publications for the activities.