Browse
related articles
Saudi Kafala Programme issues guarantees for SMEs worth SR600m
- Saudi Arabia: Wednesday, September 12 - 2012 at 15:26
Saudi Arabia's Kafala Programme has issued 1,061 guarantees for small and medium enterprises (SMEs) since the beginning of the current year valued at SR600.8m, Arab News has reported. The volume of financing provided by the participating banks in the programme stood at SR1.14bn destined for some 573 SMEs of different sectors, said the acting chairman of the programme, Eng. Osama bin Abdulrahman Al-Mubarak. Since the beginning of 2006 to the end of August 2012, the programme issued 4,156 guarantees for 2,564 SMEs valued at SR1.95bn whereas the banks and other financing institutions provided funding facilities worth SR4.21bn, he added.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
