Riyad Bank signed a memorandum of understanding with the Saudi Arabian Basic Industries Corporation “SABIC” under Nusaned initiative on 13 December 2019 at the company’s headquarters in Riyadh.
<p>Riyad Bank signed a memorandum of understanding with the Saudi Arabian Basic Industries Corporation “SABIC” under Nusaned initiative on 13 December 2019 at the company’s headquarters in Riyadh.</p><p>The memorandum aims to provide financing support to the small and medium-sized enterprises under Nusaned initiative, as part of the unified efforts of the private sector to support and empower the localization of industrial technologies, which will contribute to improving the level of self-sufficiency, creating new jobs and increasing the volume of Saudi exports abroad.</p><p>It is worth mentioning that Riyad Bank is the largest supporter of the small and medium-sized enterprises due to its clear vision and comprehensive strategy that allow the bank to offer a wide range of facilitated financing solutions dedicated to the small and medium-sized enterprises through 20 specialized centers across the Kingdom.</p>
