The Social Development Bank launches the “Ofoq” product to finance existing small enterprises.

The Social Development Bank launched the “ofoq” product. To finance existing small enterprises with a financing amount of up to 10 million riyals. The launch of the “ofoq” product comes Based on the bank’s strategic orientation to support small enterprises with the aim of increasing their contribution to the local economy and creating job opportunities for citizens by providing support programs that enable entrepreneurs to continue their commercial projects, this is within the bank’s pivotal role in supporting the entrepreneurship system and generating jobs for citizens through establishments funded by The Bank. In this regard, His Excellency the Vice President of the Enterprise Finance Sector, Mr. Ahmed bin Abdullah Al-Zahrani, confirmed that the Social Development Bank seeks to empower entrepreneurs with financial and non-financial solutions by providing appropriate financing, training services, and specialized consultations.