NCP signs a joint cooperation agreement with Al Rajhi Bank

Today, the National Center for Privatization signed a joint cooperation agreement with Al Rajhi Bank with the aim of establishing a joint cooperation framework between the two parties, as the local and international banking sector is one of the most important strategic partners in the success of privatization and partnership operations between the public and private sectors.

The agreement was signed by Hani Al-Sayegh, Vice President for Strategic Marketing and Knowledge Management at the National Center for Privatization, and Hossam Al-Basrawi, General Manager of Corporate Banking at Al-Rajhi Bank.

On this occasion, Al-Saegh expressed the pride of the National Center for Privatization in signing the agreement with Al-Rajhi Bank, which is one of the largest banks operating in the region investing in privatization and partnership projects between the public and private sectors.

Al-Sayegh explained that this agreement revolves around enhancing opportunities and projects for privatization and partnership between the public and private sectors for local and international investors through participation in market surveys and financial consulting, in addition to internal and external marketing, organizing events, training and building knowledge.

Al-Sayegh indicated that this agreement comes within the efforts of the National Center for Privatization to enable banks and financial institutions to support privatization and partnership operations between the two sectors by contributing to financing the private sector and providing consultations, which will have a positive impact in attracting and attracting local and international investments in line with the Kingdom’s Vision 2030 to raise the private sector’s contribution to the GDP.