The National Commercial Bank announced that 15 promising companies were selected through the social entrepreneurship training camps organized by Social Entrepreneurship Accelerator Program launched in partnership between the General Authority for Small and Medium Enterprises (Monsha'at) and Al-Ahli Bank. (Projects).
More than 90 social entrepreneurship ideas were selected to join the intensive training camps, following a four-week registration period for the camps, with the aim of encouraging creative thinking among those interested in the field of social entrepreneurship. All those interested in the field of by proposing solutions to social challenges in a number of fields, such as (health, education, Hajj, Umrah, and tourism). At the conclusion of the training camps, the judging panel selected the top five candidates from each camp to compete for a spot in the Social Entrepreneurship Accelerator Program.
In the same vein, Basma Al-Gohary, Head of the Corporate Social Responsibility Department at Al-Ahli Bank, explained that the bank’s partnership with "Monsha’at" in launching the Social Entrepreneurship Accelerator aims to support our promising youth to enable them to contribute to the development of the national economy in line with the objectives of Saudi Vision 2030, and to focus on young men and women, who constitute the foundation of any development and the vital source of progress, advancement, and prosperity for any society. This partnership with one of the objectives of Al-Ahli Bank’s corporate social responsibility program, “Ahalina,” which is to support male and female entrepreneurs.
She added that the bank’s contribution is consistent with its commitment to supporting small and medium-sized enterprises (SMEs), as it is the leading choice and the best bank supporting the SME sector, in addition to its significant share of SME financing in the Kingdom. Al-Ahli Bank, in collaboration with "Monsha’at," successfully established the first accelerator specializing in fintech, graduated 10 startups in 2019, and provided them with financial support.
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