Financing Agreements Exceeding 600 Million Concluded at RAD Forum

Under the patronage and in the presence of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, the SME Bank participated in the Eastern RAD Exhibition, organized by the Eastern Province Chamber as part of the Entrepreneurship Week activities held in Dhahran from November 13 to 15. The participation aimed to provide more financing options and products for SMEs, in support of the objectives of Saudi Vision 2030 for the sustainability and growth of this vital sector.
 
This participation reflects efforts to enhance the contribution of financial institutions in providing innovative financing solutions to the sector. It included the signing of several financing initiatives between the SME Bank and key financing entities, most notably: Al Tayseer Arabian Company (TAC), with financing of up to SAR 300 million, and Tamweel Aloula Company, with financing of up to SAR 305 million, as part of the Low-Cost Financing Program.
The event also saw strong interest in the “Your Financing in Two Days” initiative, which aims to offer a value-added service to SMEs owners by streamlining and accelerating financing procedures. The service is delivered within just two days through simplified and fully digital processes, supporting the financial sustainability of enterprises and accelerating their growth. This financing service was offered to forum visitors—both male and female entrepreneurs—at the RAD Eastern Exhibition, as part of the SME Bank’s ongoing efforts to increase financial support for SMEs sector.