SME Bank Announced as a Financial Sponsor for Biban 24 Forum

SME Bank is participating as a financial sponsor in the Biban 24 Forum, organized by the General Authority for Small and Medium Enterprises (Monsha'at). The event will take place from November 5 to 9 at the Riyadh Front Exhibition and Conference Center, under the theme "Global Destination for Opportunities.”

 

The bank's participation in the forum aims to introduce the products and services offered to small and medium enterprises (SMEs), as well as the current business models the bank operates on. These models contribute to enhancing the role of financial institutions in providing innovative financing solutions and increasing funding for SMEs with simple and flexible requirements. The bank aspires to be a key financial pillar supporting the growth of these enterprises, boosting their contribution to the Kingdom's GDP and economic development, in line with the goals of Saudi Vision 2030.

 

SME Bank will participate in the forum with its integrated system, including the SME Financing Guarantee Program "Kafalah" and the Saudi Venture Capital Company (SVC), to provide support that contributes to building and developing these businesses to thrive in the market. This will lead to enhanced financial and administrative efficiency, increased awareness among aspiring entrepreneurs entering the labor market, and the provision of tailored financial solutions for them.

 

During the forum, SME Bank will launch the "Two-Day Financing" initiative, aimed at expediting the approval process for financing requests, providing credit approval within two business days. This is made possible through the Co-Financing Program, in collaboration with several financial partners from commercial banks. The "Two-Day Financing" initiative is part of SME Bank's efforts to increase financing for the small and medium enterprise sector, facilitating their access to financial resources.

 

The bank will also offer a series of specialized panel discussions and diverse workshops, along with advisory sessions through mentoring programs. These sessions will be delivered by a group of expert consultants, distinguished by their academic qualifications and commercial experience, providing valuable insights and guidance.

 

SME Bank offers comprehensive support through the complementary roles of participating government and private sectors, with the goal of fulfilling the aspirations of entrepreneurs. This collaborative effort is aimed at empowering business owners and facilitating their growth and success in the market.

 

It is worth noting that the Biban 24 Forum is being held at the Riyadh Front Exhibition and Conference Center, with extensive participation from entrepreneurs and investors from around the world. The forum aims to enhance the Kingdom's position as a premier destination for entrepreneurs both regionally and globally, support the growth and competitiveness of entrepreneurial projects, and foster a culture of entrepreneurship.