19/05/2016
In a lecture in the branch of Asharqia Chamber in Qatif.
Saving and credit bank reviews the financing methods for medium and small enterprises.
The deputy of the head of the Bank of Credit and Savings and the evaluation of projects Khaled Al Maliki ,has reviewed the services provided by the bank to small and medium enterprises, stressing that these services are provided without interests because the bank is developmental governmental institution, does not aim to profit.
Maliki said in a lecture organized by Asharqia Chamber represented by medium and small enterprise development center, the evening of Wednesday, May 18, 2016 in the branch Chamber of province of Qatif and was attended by a member of the board of directors of the Chamber and head of the business council of the Chamber branch in Qatif Abdul Mohsen Al Faraj, and a number of interested individuals, that the development Bank supports special projects, has programs to certain methods in favor of small and medium enterprises.
Maliki stressed that the bank does not aim for profit, and does not gain benefits of supporting, its goal is to encourage citizens to self-employment, raising the industrialists and investors class, and the switching of small enterprises to big, and encouraging economic activity in general
Maliki said that the bank in its way has undergone according to several methods, the first, (the excellence method ) and it is for projects that increases the amount of its financing to 300 thousand riyals, and among these the patents switched into feasible projects, and the second method ( the nascent projects ), its finance starts of 50 thousand riyals to 300 thousand riyals, and includes all small businesses and to all those who have professional certificates and are interested in opening their own projects, this method require only a professional certificate, or the availability of expertise in a particular field .
The third method according to Al Maliki is the method of the fare, which is financing taxis and it reaches up to 90 thousand riyals, finally ends up by owning the car on a condition which is to be working in as a taxi .. as for the fourth method is the most important and has achieved a great leap in transforming ideas into this method projects (the method of invention) it has raised the bank's stocks in the local market a lot, and contributed to the improvement of many of the ideas and switched them from papers to actual practice .. the fifth method is the (tiny enterprises method .
Maliki has pointed to the new method, which is adopted by the bank, which is the existing projects method, as any investor has an existing project and wants to improve it and expand it might get the financing and support from the fund that could reach up to 200,000 riyals.
He mentioned that the bank during the last period has presented financing for 605 projects of Excellence, and 8700 nascent project, and 3400 for tiny projects and 14,000 taxis owning projects.
He talked about the subject of experience, said that the Bank has set up the expertise but made it easy to deal with, Experience for the Bank means a specific training course, experience certificate for at least a month and so on, and this certificate gives the investor the opportunity to receive a certain financing from any possible means, within the conditions of the Bank that does not exceed that the investor must be a Saudi, and he is not relying on expatriate labor by 100% and the project is not involved in high risks ..
He pointed at the end of the lecture that the list of projects that have gained the support of the fund are saved on the fund e-Web site.
The lecture has witnessed dialogues and discussions about ways to get the support of the fund, and in the conclusion the lecturer was honored with a memorial shield.
