Cooperation agreement between the sponsorship program and the Saudi Finance Company

Media In / Riyadh 3 March 2019

The SME Financing Program has signed a new cooperation agreement with Saudi Finance Company, which aims to increase funding to support the SME sector in order to stimulate the economy and develop promising business sectors.
The agreement was signed by General Manager Hamam Hashim and Saudi Finance Company Chief Executive Emad Al Shurai.
The Director General of the Sponsorship Program expressed his happiness with this new cooperation with the Saudi Finance Company, noting that the partnership will play an active role in activating the SME sector and increasing financing options, whose objectives are to support a larger segment of the owners.
He stressed the program’s keenness to continue cooperation with the success partners to provide services to more licensed companies from the Saudi Arabian Monetary Agency. Saudi Finance Company becomes the fifth financing company in the success of the program and is expected to be signed with additional companies during the coming period.
The agreement, which was signed as one of the fruits of the private sector stimulus plan, is to raise the capital of the sponsorship program.