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Saudi Credit and Saving Bank begin financing SMEs
- Saudi Arabia: Monday, September 03 - 2012 at 11:51
The Saudi Credit and Saving Bank will start receiving today applications on its electronic site from citizens to finance small and medium enterprises, Arab News has reported. The bank will finance projects whose costs will range between SR300,000 to SR8m, the lender said. Preference will be given to the projects which are creative and non-traditional, projects in remote and underdeveloped areas and projects that will achieve the highest rate of Saudization, it added.
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