Riyadh – Sharikat Mubasher: The Saudi National Bank (SNB) inaugurated its new SME Center in Al Khobar Governorate under the patronage of Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province.

The launch forms part of SNB’s broader strategy to expand specialized services for small and medium-sized enterprises across the Kingdom.

Speaking at the event, Prince Saud bin Naif highlighted the importance of SMEs as a key driver of economic development, noting that strengthening the sector enhances the efficiency of the business environment and enables entrepreneurs to scale their projects. He emphasized that sustained support for SMEs contributes to long-term economic sustainability and increases their overall contribution to the national economy, in line with national priorities. The Governor also underscored the role of government-led programs and initiatives in creating a supportive ecosystem for entrepreneurs and facilitating business growth.

The newly launched SNB SME Center is designed to offer an integrated service model tailored to the needs of small and medium-sized businesses. It provides a comprehensive range of solutions, including financial advisory services, specialized financing programs, trade services, cash management, digital solutions, and streamlined account opening and management.

On his part, Tareq Al-Sadhan, SNB Group Chief Executive Officer, noted that the center reflects the bank’s long-term commitment to empowering SMEs through tailored financial and operational support, alongside strengthened partnerships with public and private sector stakeholders to foster a more dynamic business environment.