Social Development Bank, Arab National Bank Co-sign Agreement 

The Social Development Bank and the Arab National Bank co-signed an agreement to launch and implement innovative savings products, that would stimulate children embarking on such a drive.

Under the agreement, the Arab National Bank will join the list of Saudi banks approved for the “Zoud Al-Ajial” savings product; to expand the options for the customers to choose the appropriate commercial bank to subscribe; in order to achieve the objectives of the Social Development Bank related to the savings program, aimed at developing financial tools that allow children to benefit from the program’s features and help and encourage them to save, to learn monetary planning through the provision of financial and non-financial incentives.