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Riyad Bank Sponsors Entrepreneurship Forums in Saudi Arabia's Regions

Strategic Insights

— 1 min read

Riyad Bank's sponsorship of entrepreneurship and emerging enterprises forums reflects the institution's commitment to supporting SMEs in Saudi Arabia. The bank's involvement includes financing solutions and consultancy programs for young entrepreneurs, aimed at enhancing the ongoing efforts to build the knowledge economy and increase innovation and entrepreneurship opportunities. These events, such as the Youth Exhibition and Forum in the Eastern Region and the 2nd Innovation and Entrepreneurship Forum in Jazan University, bring together experts, decision makers, and financing companies to promote entrepreneurship spirit among young businessmen and women.

Key Takeaways:

  • Riyad Bank sponsored a number of forums in different regions of the Kingdom in the field of entrepreneurship and emerging enterprises.
  • The bank sponsored the Youth Exhibition and Forum in the Eastern Region, which addresses the ways to develop the entrepreneurship spirit among young businessmen and women.
  • Riyad Bank will also sponsor the 2nd Innovation and Entrepreneurship Forum in Jazan University on 2-3 December.
  • Ali Al-Jutealy, Vice President and Head of Emerging Enterprises Unit at Riyad Bank, emphasized that the bank's sponsorship of such activities aims to improve the environment of SMEs across the Kingdom.
  • Riyad Bank has played a key role in the success of various financing programs for SMEs, such as "Kafalah".
  • The value of the guarantees issued by the bank for SMEs exceeded SAR 1.55 billion (24% of the total guarantees issued since the beginning of the program).
  • The total financing of SMEs by Riyad Bank exceeded SAR 3.2 billion (24.5% of the total amount of financing offered since the start of the program).

Statistics:

  • The value of the guarantees issued by Riyad Bank for SMEs exceeded SAR 1.55 billion.
  • The value of the guarantees issued by Riyad Bank accounted for 24% of the total guarantees issued since the beginning of the "Kafalah" program.
  • The total financing of SMEs by Riyad Bank exceeded SAR 3.2 billion.
  • The total financing of SMEs by Riyad Bank accounted for 24.5% of the total amount of financing offered since the start of the "Kafalah" program.

Sources:

  • Riyad Bank's press release, dated November 23.

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