RIYADH: During the Development Finance Conference MOMENTUM 2025, organized by the National Development Fund in Riyadh, the Small and Medium Enterprises Bank signed eight partnership agreements with several financing entities, totaling approximately SR750 million ($199 million).
These deals aim to enhance financing for SMEs and boost their capacity for expansion and growth, reflecting the importance of this sector and its vital role in the national economy.
The second day of the conference witnessed the signing of a package of partnership agreements within the Agency Financing Program and the Finance Companies Program. These deals aim to broaden the range of financing solutions available to SMEs and increase their access to the necessary funding for their projects. Additionally, a commodity purchase agreement was signed with a national bank.
These agreements are part of the SME Bank’s efforts to strengthen the development finance ecosystem, provide innovative financing solutions that support the sector’s sustainable growth, and achieve the goals of the Kingdom’s Vision 2030 in empowering SMEs and increasing their contribution to the national economy.
It is worth mentioning that the Development Finance Conference MOMENTUM 2025, held under the slogan “Leading the Development Transformation”, aims to support the strategic directions of the National Development Fund and its affiliated development funds and banks, by enriching the development sector, raising the efficiency of the development system’s performance, enhancing its ability to meet national priorities, and coordinating efforts and unifying goals, in order to ensure a sustainable development impact on society and the economy.
