With a financing portfolio of (300,000,000) riyals... The Social Development Bank concludes a joint cooperation agreement with Center B

The Social Development Bank signed a joint cooperation agreement with the Sulaiman bin Abdullah Al Rajhi Foundation for Development Finance (Center for Building Productive Families - Jana), on Sunday, 07/26/1438 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 Namlah, and on the part of the Corporation, Chairman of the Board of Trustees, Dr. Abdulrahman bin Sulaiman Al Rajhi, in the presence of a number of officials from both sides.

This agreement comes from 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 touches on what they need in terms of support, financing and care services, in addition to the Center for Building Productive Families ( Jana) is considered one of the successful local experiences in the field of consolidating the culture of self-employment and self-reliance by providing multiple services, including micro-lending and care. It has been agreed that the agreement’s services will cover the target groups of citizens who meet the conditions for benefiting within the geographical scope of the Jana Center. It is widespread in the regions of the Kingdom (Arar, Al-Jawf, Hail, Al-Qassim, Dammam, Al-Khobar, Riyadh, Jazan, Jeddah, Mecca, Medina, Abha, Yanbu, Al-Baha, Al-Ahsa, Tabuk).

The Social Development Bank has allocated a special portfolio to finance projects under this agreement, amounting to three hundred million riyals (300,000,000) riyals.