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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"
Within the framework of its continuing efforts to support the Saudi Vision 2030, Riyad Bank launched the “Business Initiatives and Enablers Development Center”, which is the first center in the Kingdom and at the level of Saudi banks specialized in developing initiatives to support business enablers for government and private entities in a manner consistent to participate in achieving the goals of the Kingdom's vision 2030 and the G20 goals as well as global indicators of competitiveness and ease of business.
Under the joint efforts to support the SMEs owners according with Saudi vision 2030, Riyad bank signed a cooperation agreement with the General Authority for Small and Medium Enterprises “Monshaat” to launch franchise financing program، in the presence of CEO of Riyad bank Mister Tareq Abdulrahman Al-Sadhan and the governor of the general authority for small and medium enterprises engineer Saleh Ibrahim Al-Rasheed, and number of officials from both parties.