The Social Development Bank signed a cooperation agreement with the Abdulaziz Al-Jomaih Charitable Foundation.

Media Center - February 2022 In an effort to develop the non-profit sector; The Social Development Bank signed a cooperation agreement with the Abdulaziz Al-Jomaih Charitable Foundation, at the headquarters of the Dilni Business Center in Riyadh. The bank was represented by His Excellency the Chief Executive Officer, Mr. Ibrahim bin Hamad Al-Rashid, and from the Corporation, the Chairman of the Board of Trustees, Sheikh Hamad bin Abdul Aziz Al-Jomaih, was represented at the partnership signing. The signing ceremony was attended by His Excellency Mr. Abdul Aziz bin Hamad Al-Jomaih, Deputy Chairman of the Board of Directors of Al-Jomaih Holding Company, and His Excellency Dr. Ahmed. Bin Ali Al-Ghamdi, Advisor to the Chairman of the Board of Directors of Al-Jomaih Holding Company, Member of the Board of Trustees of the Abdul Aziz Al-Jomaih Charitable Foundation. The agreement aims to provide a rehabilitation program for charitable organizations to enhance their sustainability, including providing financing solutions amounting to ten million riyals to charitable organizations, in addition to non-financial services represented in training programs and advanced consultations in the field of financial sustainability provided by the Foundation. The agreement stipulates that the Foundation, based on its experience in practicing development work, will qualify and nominate entities to obtain financing products and non-financial products represented in training and consulting.