Riyad Bank proudly awarded "Best Bank in Saudi Arabia for 2018" by H.E Dr. Majed bin Abdullah Al Qasabi, the Minister of Commerce and Investment, during the bank’s participation in the first edition of "SME Financing Conference 2019", held recently in Riyadh. This is one of the coveted awards acknowledging Riyad Bank as the pre-eminent finance provider for SMEs in the Kingdom.
Riyad Bank recognized as the top supporter of Kafalah Program, the small and medium-sized enterprises funding Guarantee Program, according to the results of the first quarter of 2019 in terms of the total number of guaranteed enterprises. Riyad Bank has funded more than 39% of the total number of enterprises that have received credit facilities from Saudi banks supporting Kafalah program.
It is worth mentioning that Riyad Bank is one of the first banks to support Kafalah Program since its inception in 2006 and the first bank that applies the method of Finance Portfolios Guarantee. The Bank also provides all entrepreneurs with a "SME Toolkit" which is a comprehensive guide including free templates and software for business management. It also includes self-assessment exercises and useful questions that can help to refine administrative, marketing and financial skills of small and medium-sized enterprises owners.