With SAMA support, Riyad Bank announced their providing of “secured financing” which provide SME’s with financing up to 15 million to ensure the continuity of its business.
<p>With SAMA support, Riyad Bank announced their providing of “secured financing” which provide SME’s with financing up to 15 million to ensure the continuity of its business.</p><p>This program offered low-cost financing for SME’s that cost 4% including all charges, without any conditions for the financing up to 6 months from the date of receiving the financing amount.</p><p>The program includes financing the commercial activities for renting, government payment, capital financing, payroll lending, and any other financing that the business.</p><p>It is worth mentioning that Riyad Bank is the third-largest bank in the Kingdom, as well as the top supporter for SMEs, in addition to Best Bank in Saudi Arabia for financing business sectors that are targeted by the vision 2030.</p>
