His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, honored Riyad Bank for sponsoring and participating in the Youth Exhibition and Forum, organized by The Eastern Province Chamber of Commerce on the 30th of November.
Mohammad Al Rabeah, Executive Vice President of Marketing and General Director of Community Services Programs at Riyad Bank, expressed the bank’s pleasure to contribute in overcoming the challenges that hinder the emerging enterprises, and to expand their contribution to the national economy. This is in addition to offering all the necessary support and solutions especially designed to cater for this vital sector.
Riyad Bank has played a key role in the success of various financing programs for Small and Medium Size Enterprises, such as “Kafalah”. The value of the guarantees issued by the bank exceeded SAR 1.55 billion and stood at 24% of the total guarantees issued since the beginning of the program, while the total financing of SMEs exceeded SAR 4 billion which is around 24.5% of the total amount of financing offered since the start of the program.