S-Riyadh
The Saudi Credit and Savings Bank announced the approval of financing 166 projects within the program to support and finance small and emerging enterprises «paths« worth more than 37 million riyals within the emerging projects.
In a press statement, the bank's spokesperson Ahmed Al-Jabreen said that the bank issued the final approval to approve and finance 166 projects worth about 37.4 million riyals, whose activities varied between service, commercial and industrial projects.
He said that the projects financed by the Saudi Credit and Savings Bank were distributed in all regions and cities of the Kingdom, including Riyadh, Jeddah, Dammam, Medina, Khamis Mushait, Majmaa, Taif, Hail, Jizan, Al Baha and Buraidah, noting that they included men and women projects.
Al-Jabreen stressed that the emerging path is popular with young men and women who are serious about working in their own projects as it is the closest and most attractive to them and is characterized by its low investment cost, which does not exceed 300 thousand riyals and has a low risk ratio, adding that the bank encourages young people and takes their hand to enter the world of finance and business through what it provides them with financial financing, guidance and counseling, following up their projects and providing solid ground for them through the integrative and coordinating role that the bank plays with
sponsors that provide many services to young men and women wishing to own their own projects.
It is worth mentioning that the Credit Bank is currently receiving applications for the «Graduates Program», which lends to university graduates who are prepared to teach and hold health diplomas since the beginning of this month.