His Excellency the Minister of Trade and Investment, Dr. Majid bin Abdullah Alkassabi, honored Riyad Bank on the occasion of winning the Distinguished Performance Award during the year 2020 and first Bank in financing small and medium enterprises in cooperation with the "Kafala Program"
<p>His Excellency the Minister of Trade and Investment, Dr. Majid bin Abdullah Alkassabi, honored Riyad Bank on the occasion of winning the Distinguished Performance Award during the year 2020 and first Bank in financing small and medium enterprises in cooperation with the "Kafala Program", during a ceremony held virtually today, Tuesday, April 6, 2021, in the presence of His Excellency the Bank's Governor The Saudi Central Bank, Dr. Fahd bin Abdullah Al-Mubarak, the Governor of the General Authority for Small and Medium Enterprises, Eng. Saleh bin Ibrahim Al-Rasheed, and the Chairman of the Board of Directors of the Sponsorship of Dr. Fahd bin Ibrahim Al-Shathryi</p><p>The CEO of Riyadh Bank, Mr. Tariq bin Abdul Rahman Al-Sadhan, valued this honor, stressing the keenness of Riyad Bank to fulfill its commitments to the Kingdom's 2030 vision in enabling this vital sector to play the role assigned to it and contribute to the growth of the GDP by about 35% in 2030, as he stressed Riyad Bank's commitment to continue making new success stories by enabling entrepreneurs to transform their ideas into realistic projects and harnessing all the necessary capabilities to ensure that they achieve their aspirations and enhance their productivity to keep pace with the aspirations and requirements of the Kingdom's 2030 vision in an optimal way, God willing.</p><p>Al-Sadhan praised the efforts made by the sponsorship program during the past years, which were reflected in achieving exceptional numbers in cooperation with financing agencies, which effectively contributed to strengthening the national economy and achieving the goals of small and medium enterprises, in addition to their distinguished and professional performance in light of the Corona pandemic.</p><p>It is worth noting that Riyad Bank provides a range of financing solutions for small, medium and micro enterprises, in addition to banking services and technical and financial technical solutions for these establishments, with the aim of enabling them to innovate and create and explore the encouraging investment opportunities in the Kingdom. Riyad Bank is also considered a leading financing entity in this field, whether through direct financing or in cooperation with the Kafala program, as Riyad Bank has been at the forefront of financing agencies for four consecutive years since 2017, as it provided financing for 41% of the number of emerging businesses financed by banks in cooperation with the Kafala program during the year. 2020 m.</p><p>Riyad Bank, in cooperation with the IFC, provides its clients with small and medium enterprises a platform that contains a comprehensive and expanded directory that provides them with many and varied models, software, research and information sources, as well as self-evaluation exercises and useful questions, with the aim of refining the administrative, marketing and financial skills of the owners and administrators of these establishments to ensure the continuity of their business, development and enabling them to Effectively contributing to the national economy and achieving one of the most important goals and foundations of the Kingdom's Vision 2030, as it provides all its services through specialized branches located around the Kingdom and abroad, such as London, Houston, and Singapore, and managed by specialized professional cadres with high competencies.</p>