Saudi SME Bank drives economic growth with $267m disbursed since inception

RIYADH: Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show.  Official data from the Kingdom’s National Development Fund highlights that the bank introduced five new financing products for SMEs in 2023 – microloans, working capital loans, term loans, commerce loans, and revolving limit loans. 

  News   Jul 2, 2024   0   28  Add to Reading List
Saudi SME Bank drives economic growth with $267m disbursed since inception

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Connect to more customers on doacWeb

Post your business here..... from NGN1,000

WhatsApp: 09031633831

ARE YOU TIRED OF LOW SALES TODAY?

Connect to more customers on doacWeb

Post your business here..... from NGN1,000

WhatsApp: 09031633831

RIYADH: Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show.  Official data from the Kingdom’s National Development Fund highlights that the bank introduced five new financing products for SMEs in 2023 – microloans, working capital loans, term loans, commerce loans, and revolving limit loans. 
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