Sun, 2022-12-04 17:47
RIYADH: In a move to bridge the financing gap in the small and medium enterprises sector, Saudi Arabia’s National Development Fund has announced the start of operations at the Small and Medium Enterprises Bank.
The opening of the new bank will help the SME sector contribute as much as 35 percent to Saudi Arabia’s gross domestic product in line with the Saudi Vision 2030.
Launched in 2021, the bank focuses on providing all its products and services in digital form without the need to establish branches.
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