The bank signs a cooperation agreement with the National Committee for the Care of Prisoners, Released Prisoners and their Families, Tarahum

The Social Development Bank signed a cooperation agreement with the National Committee for the Care of Prisoners, Released Persons, and Their Families, “Tarahum,” on Thursday, Shaaban 8, 1438 AH, at the bank’s headquarters in Riyadh.

The Social Development Bank signed a cooperation agreement with the National Committee for the Care of Prisoners, the Released and their Families, “Tarahum”, Thursday, Shaaban 8, 1438 AH, at the bank’s headquarters in the city of
Riyadh.

The agreement was signed by the Bank’s Director General, Dr. Abdullah bin Abdul Rahman Al Namlah, and by the Secretary-General of the National Committee for the Care of Prisoners, Released Prisoners and their Families (Tarahum), Mohammed bin Ayed Al Zahrani, in the presence of a number of officials from both sides.

This agreement, which was set for 3 years, aims for the Social Development Bank to provide its various social and development programs to serve the various segments of society, including prisoners and their families, as well as based on the role of the National Committee for the Care of Prisoners, the Released and their Families ((Tarahum)) in overcoming the material and moral problems of inmates. Correctional facilities, prisons, parolees and their families, and contributing to providing the necessary services to them.

The agreement includes the social financing sector for Saudi prisoners of both sexes in financial legal cases (debts), where the bank provides good financial financing of no more than (60,000) sixty thousand riyals, in accordance with the controls and mechanisms in force at the bank with the rest of the clients, and the prisoner’s wife is also entitled to benefit. From the bank’s financing programs in cases where the prisoner is unable to benefit from the bank’s programs in accordance with the requirements in force at the bank.

Families of prisoners can also benefit from the Bank’s financing programs designated for the small and emerging enterprise sector according to what is received by the Committee and what the Bank deems appropriate.