The Social Development Bank concludes a cooperation agreement with the Taiba Women’s Association

The Social Development Bank signed a joint cooperation agreement with the Taiba Women’s Association for Social Development in Medina, this morning, Thursday, 07/23/1438 AH, at the bank’s headquarters in Riyadh.

The Social Development Bank signed a joint cooperation agreement with the Taiba Women’s Association for Social Development in Medina, this morning, Thursday, 07/23/1438 AH, at the bank’s headquarters in Riyadh.
The agreement was signed by the Bank’s Director General, His Excellency Dr. Abdullah bin Abdul Rahman Al-Namlah, and by the Taibah Women’s Association for Social Development, Chairman of the Board of Directors, Her Excellency Ms. Mona Mansour Al-Sharif.

Out of the Bank’s belief in the necessity of integration and cooperation between the sectors working in this field, as it has become an urgent necessity to raise the applied level in providing microenterprise development services and providing feasible investment channels for the people of this country to enable them to launch their own investment projects and enhance productivity, this agreement was signed in addition to the Bank’s keenness to The Social Development Bank is one of those agreements to support, sponsor, and finance micro-enterprises, productive family projects, and handicrafts and craft industries in the Kingdom.

The Taibah Women’s Association for Social Development also has development programs, and is considered one of the local experiences that can be developed and to consolidate the culture of self-employment and self-reliance in providing self-employment opportunities by providing multiple services, including micro-credit and care.

The Social Development Bank has allocated a special portfolio to finance projects under this agreement, amounting to four million (4,000,000) riyals.