The first is with Med Company and the second is with Frouz Company... The Social Development Bank concludes two commercial concession agreements

On the evening of Tuesday, Ramadan 14, 1439, the Social Development Bank signed a commercial concession agreement with the two companies, Meed, for selling food retail, and Frouz, for selling ice cream and frozen yogurt.

On the evening of Tuesday, Ramadan 14, 1439, the Social Development Bank signed a commercial concession agreement with the two companies, Meed, for selling food retail, and Frouz, for selling ice cream and frozen yogurt .

The agreement was signed by the Director General of the Bank, Mr. Ibrahim bin Hamad Al-Rashed, and on behalf of MED Company. Abdullah Al Qubaisi, General Manager of the company, and on behalf of Frouz Company, A. Nayef Al Ghafis, General Manager of the company, at the Riyadh International Convention and Exhibition Center and within the activities of the Thammarat Exhibition .

The agreement aims to provide a business model that enjoys low risks with signs of success and great experience in the field of business for Saudi youth of both sexes by granting them the right to franchise a business, and devoting its expertise to achieving the best desired results, in addition to providing the bank with financial and non-financial service packages such as training and consulting that help young people to enter into... Freelance work and launching their own projects .

The agreement includes granting individuals of both sexes a franchise after undergoing on-the-job training to choose the most suitable among them to obtain the franchise, with the bank providing financing solutions as well as training packages to ensure the achievement of the best desired results so that young people can practice entrepreneurship under the umbrella of a brand that has market penetration. the local .

Meed Company is a national company that owns the largest chain of quick-service retail stores in the Middle East with an unconventional style, the fastest developing, and the most specialized in providing enjoyment and ease of shopping for its customers .

Frouz Company is also a leading national company in the field of ice cream and frozen yogurt in a different style, distinguished from its counterparts in terms of presentation, taste and quality .

The bank will conclude a number of agreements in terms of commercial franchising with a number of companies with well-known brands, which will provide many job opportunities for the aspiring youth of the country .