Fri, 2019-03-08 04:51
RIYADH: As part of its initiative to encourage financial institutions to invest in a greater number of small and medium enterprises (SMEs), the Kafalah program has signed an agreement with Saudi Finance Company.
In its efforts to help achieve the Vision 2030 objective for SMEs to contribute 35 percent of the nation’s gross domestic product, Kafalah, the Saudi SMEs loan guarantee program, has so far signed deals with five major financing institutions, in addition to all Saudi banks and Emirates Bank.
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