The Social Development Bank concludes a joint cooperation agreement with the Abha Chamber

The Social Development Bank signed a joint cooperation agreement with the Abha Chamber of Commerce and Industry, on Sunday, 1/18/1439 AH, at the bank’s main headquarters in Riyadh.

The Social Development Bank signed a joint cooperation agreement with the Abha Chamber of Commerce and Industry, on Sunday, 1/18/1439 AH, at the bank’s main headquarters in Riyadh.

The agreement was signed on the part of the bank by His Excellency the Director General of the Bank, Dr. Abdullah bin Abdulrahman Al-Namla, and on the side of the Chamber, Chairman of the Board of Directors, Engineer Abdullah bin Saeed Al-Mubti, in the presence of a number of officials from both sides.

This agreement comes out of the Social Development Bank’s keenness to support, sponsor and finance micro-enterprises, productive family projects, and handicrafts and handicrafts in the Kingdom of Saudi Arabia, and to address the support, financing and care services they need.

This agreement was signed in view of the specificity of these projects, their commercial nature, the social and economic environment of their owners, and the support, financing and care services they need, as the Abha Chamber is full of many development programmes, 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-lending and care.

The Social Development Bank has allocated a special portfolio to finance projects under this agreement in the amount of (4,000,000) riyals, and it was agreed to name it a “support program.”