The Social Development Bank signs cooperation agreements to empower productive families through electronic commerce.

The Social Development Bank signed a number of cooperation agreements with a number of technology companies, to support productive families and enable them to engage in e-commerce, at the Delni Business Center in Riyadh, signed by the Executive Vice President of the Business Sector at the Social Development Bank, Mr. Sultan bin Abdulaziz Al-Humaidi, where he represented the Messenger application company. For Communications and Information Technology, the Executive Director, Mr. Ayman Al-Sanad, and the Basalah Information Technology Application Company, Engineer Salman bin Suhail, the founding partner and director of operational operations, and His Excellency the Executive Director of the Commercial Sector of the Sary Information Technology Company, Engineer Musab Al-Hakami, and the Noon Electronic Marketing Solutions Company, represented by the General Manager of the company, Mr. Ahmed Qaddouri.

By concluding these partnerships, the bank aims to support the productive families system, by establishing a store dedicated to each family, and listing the products and images available to them for each product. Special discounts and a commission percentage allocated to productive families are also applied to motivate and encourage them to practice e-commerce, and to be an important part of the volume of E-commerce in the Kingdom, where the number of families financed through financing intermediaries has reached more than 100 thousand productive families, with financing exceeding one billion and 300 million riyals .

It is worth noting that the bank launched the service of issuing (a productive family certificate) through the national platform for productive families, with the aim of empowering them and transforming them into recognized economic entities to enhance the reliability of their products and facilitate their access to the market, as more than 74 thousand productive family certificates were issued through the platform. Covering more than 85 governorates of the Kingdom to benefit from the financing services provided by the bank. The Social Development Bank has allocated the unified number 920033309 to provide services to productive families and financing intermediaries .