The Social Development Bank signs an agreement with the Communications Authority to finance workers in the delivery sector.

The Social Development Bank signed a joint cooperation agreement with the Communications and Information Technology Commission, aiming to finance those wishing to become self-employed, by enabling them to own private vehicles to use to work in delivery applications, in order to contribute to creating job opportunities for Saudi citizens and raising the quality and development of delivery services. . The agreement was signed by the bank’s Executive Vice President of the Business Sector, Mr. Sultan bin Abdulaziz Al-Humaidi, while the Authority was represented by the Assistant Deputy Governor of the Postal Sector, Mr. Abdulrahman bin Maan Al-Mubarak, in the presence of the CEO of the Social Development Bank, Mr. Ibrahim bin Hamad Al-Rashed, and His Excellency the Governor of the Communications and Information Technology Commission, Dr. Mohammed bin Saud Al-Tamimi. The three-year agreement included qualifying and empowering the beneficiaries through specialized training programs that help them start their projects and pioneering businesses, in addition to researching the development of qualitative and innovative products to attract more opportunities for Saudis in the postal and logistical services sector. The Social Development Bank is the largest and most comprehensive financing gateway for financing establishments. Start-ups, small businesses, and self-employment, contributing to supporting the local economy through its financing programs in various economically viable activities. Since its launch, 3,000 male and female citizens have benefited from financing self-employment, with a financing value exceeding 270 million riyals. It is noteworthy that the Communications Authority is working to develop electronic delivery services through a number of mechanisms, including stimulating work in the important and vital sector such as the delivery sector, in addition to contributing to creating additional sources of income for Saudi citizens in the sector, which is witnessing increasing growth, with which the monthly average value of orders has reached during... The first quarter of the current year, one billion riyals, recording a growth of 45% compared to the first quarter of 2020.