Financing 240 projects worth 46 million riyals in several development tracks in Saudi Arabia

 Media In / Agencies / Riyadh 29 July 2018

The Social Development Bank of Saudi Arabia completed the advanced applications for financing a number of development projects in all regions of Saudi Arabia during the month of Shawwal 1439H. The financing of 240 small and small projects around the Kingdom was approved at a total value of SR 46 million. Through the Bank’s products and services, both financial and non-financial. The Assistant Director General of the Microfinance Sector Saeed Al-Zahrani said that the approved projects combined a number of the Bank’s specialized financing products to enable economically viable projects according to indicators of supply and demand in the Kingdom market and its various regions. The geographical coverage covered more than 55 cities and governorates in the Kingdom. He was keen to reach the most promising and developed areas within the Bank’s objectives of economic empowerment and access.