Kafalah has been able to support 4,945 MSMEs through its multiple financing guarantee programs. During the Coronavirus pandemic
|NewsPageLayout||General Director Kafalah Saudi banks and SABIC and ARAMCO contributed to the protection of SMEs|
The percentage of requests from Kafalah beneficiaries increased to 106% after the Program management agreed to guarantee more than 1,432 financing requests
|NewsPageLayout||Kafalah requests rise by 106 percent and its team responds to 5,720 requests during the Covid19 pandemic|
The Saudi Basic Industries Corporation (SABIC), represented by its national initiative "Nusaned", signed a cooperation agreement with the Small and Medium Enterprises Financing Guarantee Program (Kafalah)
|NewsPageLayout||“Nusaned” SABIC Initiative Signs an Agreement with “Kafalah” to Facilitate Financing of Entrepreneurial Projects and Sup|
5720 companies benefited from the Small and Medium Enterprises Financing Guarantee Program (Kafalah) during the year 2020, with a financing value of 12.3 billion riyals, compared to 4.8 billion riyals during 2019, marking an increase of 156 percent.
|NewsPageLayout||Kafalah Finances jump 156 percent During 2020 amounting to 12.3 billion riyals|
One of Kafalah's most important objectives is to motivate financiers to support the small and medium enterprises sector through financing guarantees allocated to promising sectors and entrepreneurs.
|NewsPageLayout||Highlights of a Panel Discussion Entitled (The Role of Credit Guarantee and Efforts for Mitigating the Effects of Covid19)|
Based on the continuous efforts of the Saudi Government in dealing with the effects and repercussions of Covid-19 pandemic, to take measures that guarantee the safety of citizens and residents
|NewsPageLayout||Ensuring the Continuity of Small and Medium Enterprises Participation in the Economic System|
Kafalah has emphasized its role as a development institution aimed at empowering funds and their affiliates to serve development priorities and economic needs
|NewsPageLayout||Riyadh tops the list of beneficiary regions from (Kafalah) to support SMEs by about 2,000 wholesale and retail |