Monsha’at encourages financial institutions to bolster Saudi SMEs

GHADA.ISMAIL
Nov 12, 2024

Riyadh – Exclusive Sharikat Mubasher: On the sidelines of the Biban Conference 24, Abdulaziz AlJaffali, General Manager of Funding at the Small and Medium Enterprises General Authority "Monsha’at", expressed the Authority’s honor to pay tribute to banks and financing institutions which provided the highest share of funds to SMEs, in addition to honoring the fastest-growing financial entities giving the highest financial performance last year.

AlJaffali added that this honoring considers the year 2023 based on the announced financial results of these entities. Winners included Riyad Bank, the Saudi National Bank, Alinma Bank, Abdul Latif Jameel Finance, and Tamweel Aloula.

AlJaffali hailed the efforts of these financial institutions, asserting that this honoring would inspire others to exert further efforts to support this segment of beneficiaries.

Worth mentioning that Biban 2024, Saudi Arabia’s flagship event for startups and entrepreneurs, kicked off last Tuesday under the theme ‘Global Destination for Opportunities,’ with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.


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