Tue, 2022-11-01 16:44
RIYADH: Saudi Arabia’s cabinet has approved the Small and Medium Enterprises Bank System, according to the Saudi Press Agency.
Ministers signed off the transfer of Kafalah SME Loan Guarantee Program from Monsha’at to SME Bank.
Launched in 2021, the Small and Medium Enterprises Bank focuses on providing all its products and services in digital form without the need to establish branches.
It is one of the development funds and banks affiliated with the National Development Fund.
Main category:
Business & Economy
