SABIC and the Social Development Bank sign a cooperation agreement

Media In 16-12-2018

The Social Development Bank (SABIC) and Saudi Basic Industries Corporation (SABIC) signed a cooperation agreement to provide financing support to small industrial enterprises through opportunities under the “NSAND” initiative. Priority in the Kingdom.
The agreement aims to provide a range of financing products and non-financial services to the small business category to benefit from local business opportunities within SABIC’s support initiative to create and qualify businesses in various industries and areas of technical and economic feasibility. The agreement aims to serve strategic objectives in line with the objectives of Saudi Arabia Vision 2030. The most important of these is to enhance the contribution of the private sector to local content, increase the contribution of small and medium enterprises to GDP, oil and gas