Almarai Company has signed a cooperation agreement with the Social Development Bank to launch a program to empower owners of very small cooking projects in the Riyadh region. The initiative — the “Almarai Chefs Program” — is part of the company’s support and encouragement for entrepreneurs.
The agreement was signed by CEO of Almarai Company Abdullah bin Nasser Al-Bader and CEO of the Social Development Bank Sultan bin Abdulaziz Al-Humaidi.
The agreement includes several areas of cooperation between the two parties. It stipulates that Almarai will commit to financing cooking training projects and contributing to the identification of targeted activities for financing and training, providing food products, equipment, and tools for projects participating in the program. Meanwhile, the Social Development Bank — represented by the Dulani Business Center — will provide solutions and services to qualify the targeted group through empowerment and development programs, in addition to nominating productive family projects to join the program.
Almarai CEO Al-Bader said the company’s partnership with the Social Development Bank to launch the Almarai Chefs Program will contribute significantly to empowering emerging entrepreneurs in the food sector. “The program will have a positive impact on owners of very small cooking projects, by supporting them continuously and enhancing their contribution to the development of this vital sector.”
Al-Humaidi added: “The cooperation agreement with Almarai Company targets owners of very small projects in the cooking and productive families sector in the Riyadh region, in an effort to develop small businesses and contribute to their transformation into sustainable projects, and achieve a tangible economic return for the participating projects, as we focus permanently on supporting innovators to launch qualitative projects that we are proud of in the Saudi food sector.”
