SABB Launch Tech-financing Program

In collaboration with the National Information Technology Development Program and the Kafalah Program, SABB created the “Technology Sector Financing Program,” specifically designed to fund micro, small, and medium-sized businesses, in the information technology sector.

Tony Krebs, SABB’s Managing Director, Eng. Nawaf Al-Hoshan, Undersecretary of the Ministry of Communications and Information Technology for Technology Development, were among those who were present, at the ceremony.

“We appreciate SABB’s faith in the Kingdom’s information technology industry, as well as its effective and rapid engagement in the development of information technology,” Nawaf Al-Hoshan said.

We also congratulate them on launching the technology sector financing program, which supports the growth and development of small, medium, and micro technology businesses, he stated, adding that by allowing them to implement projects and fund expansion plans that will benefit the technical sector and strengthen the Kingdom’s position as a regional and global technical hub. We hope to work together more in the future to support the Kingdom’s information technology sector.

The launch of such a product is an affirmation of our dedication to play our role as an active partner in attaining the Kingdom’s Vision 2030 objectives, Tony Krebs commented.

SABB is eager to contribute to raising the level of the small and medium-sized enterprise sector, which is one of the most important drives of economic growth, by continuing our approach of activating the principle of integrative work in pursuit of common national goals as well as innovating products and supportive services to drive progress and development to achieve sustainable economic growth.