800 million riyals to implement the initiative to raise the capital of the program “bail”

Media In / Riyadh 23 December

The SME Financing Program, in collaboration with the Local Content and Private Sector Development (NAMA), continues to implement the initiative to raise the capital of the program by SR 800 million within
Private sector stimulus plan.
The initiative aims to support the program by expanding its work by providing financial guarantee services to stimulate private sector financing to provide financial support to small and medium-sized enterprises. This initiative has raised the sponsorship ceiling to 2.5 million riyals for small enterprises and 15 million riyals for medium- The program provides services to non-bank finance companies to expand the sources of finance to develop and develop the SME sector, while serving the national economy in line with the vision of the Kingdom of 2030. Working Capital Guarantee Scheme.