SME Bank, Saudi Exports Sign Cooperation Agreement

The Small and Medium Enterprise Bank (SME Bank) entered a cooperation agreement with the Saudi Export Development Authority yesterday, with the aim of facilitating financing in partnership with the financing and development entities affiliated with the bank and providing financing solutions for entities whose applications were received at the “Saudi Made Exhibition 2023”, which is held in Riyadh from October 16 to 19.

The agreement was signed on the sidelines of the exhibition, in which more than 100 national companies are participating. It is part of the bank’s efforts to help develop the SME sector in the Kingdom, increase its competitiveness and contribution to GDP, provide financing solutions with competitive advantages, and boost trust in SMEs.

As stipulated in the agreement, applications received at the exhibition will be referred to the affiliated financing entities for evaluation.

The agreement aims to inform business owners about financing services and solutions provided to small, medium and micro businesses, and increase cooperation in conducting market studies and opinion polls.