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Wednesday 10/08/2022
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Last Update :
2/9/2021 2:06 PM
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News
“Kafalah” financings increased by 156% during 2020… a total of 12.3 billion riyals
SABIC’s initiative “Nusaned” signed an agreement with “Kafalah” to facilitate the financing of entrepreneurial projects and support the SME sector
Initiatives to guarantee the SME loans worth 450 million riyals to ensure the sustainability of the SME participation in the economic system
The Cabinet approves the establishment of a program to guarantee the financing under the supervision of the Small and Medium Enterprises General Authority “Monsha’at”
The Small and Medium Enterprises Financing Guarantee Program “Kafalah” renews the agreement with Al-Awwal Bank
SABB renews the cooperation with the Small and Medium Enterprises Financial Guarantee Program “Kafalah”
Kafalah program signs a development agreement with Bank AlJazira
Kafalah program signs a brand-new cooperation agreement with financing companies Saudi ORIX and Gulf Finance
Bank Albilad signs a developmental agreement with the Kafalah Program
Kafalah Program signs an updated cooperation agreement with Emirates NBD
Kafalah Program signs an updated cooperation agreement with AlRajhi Bank
Alinma Bank signs a cooperation agreement with Kafalah Program
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“Kafalah” and Riyadh Chamber organize a course on the SME for women, in cooperation with the International Finance Corporation of the World Bank
“Kafalah” program participates in the Entrepreneurship Forum in Ha’il
Achievements
a) The second Mohammed Bin Rashid Award
b) Appreciation from the World Bank
c) The first Mohammed Bin Rashid Award
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Kafala approves guarantees worth SR4.8 bn for SMEs
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