Media ININ Economy We Trust
Media In / Agencies / Riyadh June 6, 2018
The Saudi Social Development Bank signed an agreement to implement its first savings program with Al-Enma Bank.
The agreement was signed by the Director General of the Social Development Bank, Mr. Ibrahim bin Hamad Al-Rashed, and the Managing Director of Al-Enma Bank Abdulmohsen Bin Abdul Aziz Al-Fares, in the presence of a number of senior executives of the Bank and the Bank.
The launch of the product is part of a savings program aimed at developing Shariah-compliant financial instruments and benefiting the clients of the Social Development Bank from the program’s features, helping them to save and plan financial by providing attractive financial and non-financial incentives to customers.
The Assistant Director General for Savings Bader Bin Sulaiman Al-Jared said that the Social Development Bank, through the signing of these agreements, aims to contribute to realizing the vision of the Kingdom 2030 through one of the main axes of vision and the program of developing the financial sector which aims to save within other targets, Of the total income from 6% to 10% through the axis of “an ambitious homeland and its responsible citizen,” pointing to the continuation of awareness campaign under the label of your ambition.
For his part, Al-Enmaa Bank’s Vice President for Retail Banking Ibrahim Bin Sulaiman Al-Sayyari said that Al-Enma Bank contributes significantly and dynamically to raising and developing the culture of saving and developing financial resources by spreading an integrated culture that achieves sound banking awareness and follows the objectives of the Kingdom’s Vision 2030. In addition to the savings side in particular, and supporting one of the pillars of the Financial Sector Development Program 2020, namely, “Strengthening and Empowering Financial Planning” through the provision of savings and investment tools and programs with financial returns.
