Riyadh: The Small and Medium Enterprises Bank (SME Bank) has announced the signing of eight partnership agreements with various financing entities, amounting to approximately SAR750 million. This significant development took place during the Development Finance Conference, MOMENTUM 2025, held in Riyadh.
According to Saudi Press Agency, these agreements aim to bolster the development finance ecosystem and introduce innovative financing solutions to facilitate the sustainable growth of the small and medium-sized enterprises (SMEs) sector. This initiative is also aligned with the objectives of Saudi Vision 2030, which seeks to empower SMEs and enhance their contribution to the national economy.
MOMENTUM 2025 is designed to align with the strategic directions of the National Development Fund and its associated development funds and banks, ensuring a sustainable development impact on both the society and the economy.