06/07/2021
Asharqia Chamber reviews the services of the Social Development Bank for entrepreneurs in Jubail
The Executive Director of Enterprise Finance at the Social Development Bank, Ahmed bin Ali Al-Zahrani, said that the bank aims to provide financial and non-financial services and targeted and effective savings programs supported by qualified human cadres to contribute to social development and build companies with multiple sectors.
Al-Zahrani said during a meeting organized by the Asharqia Chamber represented by the Jubail Business Council on Monday, July 5, 2021, entitled "Services Provided to Entrepreneurs" and moderated by the Chairman of the Council Mubarak bin Abdullah Al-Mishal, that the bank provides, through the means of support, many products, the most important of which is the emerging product through partner agencies, which The ceiling of its financing reaches 300,000 riyals, and the product largely targets the retail and service sectors. The bank also targets the segment of micro and emerging enterprises through the Excellence product, whose financing ceiling reaches 4 million riyals. It targets distinguished projects in the sectors of industry and quality of life in addition to the medical and medical sectors. Logistics Provided that the applicant has good qualifications and experience that supports his request for this product.
Al-Zahrani explained that the bank offers another product under the name of "Ofok", a product that is concerned with supporting existing enterprises and provides financing of up to 10 million riyals for the small enterprise's sector.
Al-Zahrani said that the bank aims to spread financial awareness and promote a culture of self-employment among all segments of society and play the role of complementary coordinator for the care of the micro and small enterprises sector. Between training, consulting, and guidance, to improve the performance of these establishments and develop them to meet the challenges of understanding the market, the regulatory environment, how to manage a business, access to the market, competition, and prevention of stumbling.
