The Development Bank achieves positive growth in total facility financing until the end of mid-2020

The Social Development Bank announced that it had achieved growth in financing disbursement rates for establishments financed by the bank until the close of the middle of the current year, as this witnessed an increase in the volume of financing for establishments at the bank, which resulted in positive growth for the results of the first half of this year 2020, compared to the previous half. The first for the past year 2019 AD, while June was the highest month in disbursing Development Bank financing to facilities, despite the Corona virus outbreak crisis that swept the entire world, and its economic repercussions on the business sector. This comes as a result of the bank’s adoption of a support program and coincides with the bank’s focus on harnessing all resources, whether technical or technical, to contribute directly to accelerating the financing journey and supporting customers during the crisis resulting from the pandemic, as financing was disbursed to more than 2,500 facilities worth 266 million riyals until The end of June 2020, while the bank - after the curfew was lifted - achieved during the month of June the highest month in disbursing Development Bank financing to facilities, as 827 facilities were financed, with a financial value of approximately 70 million riyals, distributed in the following sectors: " Education, retail, manufacturing industries, technology, administrative services and support systems, catering and accommodation, professional, scientific and technical activities, arts, entertainment and amusement, human health and social work activities, as well as medical care. It included a wide geographical coverage in most regions of the Kingdom.