Fear has emerged by some financing institutions due to the absence of a clear mechanism or an accurate and up-to-date database for these establishments, at a time when the pace has accelerated towards new financing programs in line with the movement witnessed in the real estate and housing financing arena based on the recent positive decisions that strengthened this sector.

Fear and reluctance of banks. <Fear and reluctance of banks
It is noticeable that many banks are reluctant to provide financing to these establishments due to the high risks of financing that can occur due to the blurring of this sector and its lack of organization despite its importance and its effective contribution to the GDP, we notice that during the past period, this sector experienced a state of decline and disintegration and a terrible absence of a clear strategy, administrative structure or strong capital, and this is one of the most important reasons that Taqeem project seeks to achieve, which is to draw a clear and specific mechanism through which banks and other financing sectors can provide credit facilities «There are more than 50 entities related to these establishments, including 17 governmental entities, 12 semi-governmental entities, 7 public organizations, 12 non-profit entities and two for-profit entities, namely the banking sector and installment companies,» said Nabil Al Mubarak, CEO of SIMAH, pointing out that the value of small enterprises He pointed out that the value of small enterprises is growing significantly and noticeably, as it amounted to 9 billion riyals more than 10 years ago, while today it constitutes more than 300 billion riyals, and he pointed out that the small or medium enterprise can be defined by its annual revenues, as its revenues used to reach 25 million riyals, and the ceiling of the annual return on small and medium enterprises was raised to 30 million riyals. Small and medium enterprises to 30 million riyals to be able to obtain the support that these enterprises receive, adding during the workshop held at the Eastern Chamber yesterday entitled «Evaluation of small and medium enterprises» that the meeting comes from the orientation of SIMAH and the Chamber in supporting small and medium enterprises, and a desire to meet the national needs related to supporting the financing of small and medium enterprises, and as a step towards implementing an integrated project to support this vital sector of the national economy to enhance their access to credit facilities and financing from local financing agencies.
Promoting productive activities
Al Mubarak emphasized that the Taqeem project launched by SIMAH at the end of 2011 is fully ready to provide its services to all relevant parties in the Saudi market, whether banks or government and private financing entities, pointing out that SIMAH seeks through the Taqeem project to create sustainable development, support economic development, promote productive activities, and contribute effectively to the industry of innovation, innovation and job creation, and regarding the contribution of the project in the Saudi market he explained that according to international experiences, supporting the SME sector comes at the top of the economic objectives that must be achieved, whether in economies of the UAE or Saudi Arabia. The Kingdom is fully aware of the extent to which SMEs suffer from entering the formal sectors due to bureaucracy, although they are the main driver of competition, sustainable development and job creation, especially in emerging economies, and the demand to support SMEs is hardly new, as most economies have comprehensive programs for financing SMEs, many of which date back to the 1950s and 1960s.

Certificate of Assessment
Al Mubarak explained that all SMEs can now apply for assessment by visiting SIMAH members, including banks, or by visiting smepublic.simah.com.Al Mubarak explained that all SMEs can now apply for the assessment by visiting SIMAH members, including banks, or by visiting the SIMAH website, and completing all the initial requirements to obtain the assessment certificate, including the name of the establishment, commercial registration number, owners, industrial classification, commercial registration start and end date, issuer, attach recent financial statements, partners» information, attach the organizational and administrative structure of the establishment, and attach the commercial registration and status card of the applicant, where the SME Department at SIMAH will study all the initial attachments, verify them, and then transfer them to the SMEs Department. The SME Department at SIMAH will study all the initial attachments, verify them, and then transfer them to the auditor approved by SIMAH, so that the auditor (one of the largest companies in this field) will communicate with the applicant and complete the remaining requirements, after which he will submit to SIMAH to issue the evaluation certificate, Al Mubarak pointed out that the evaluation certificate criteria will take into account the applicant's credit history, and if the applicant is in default or has previously issued a bounced check, this may lead to a lower level of evaluation, in addition to For the financial and non-financial aspects of the establishment, including the income statement of the establishment, and the general budget to calculate accurate weights to calculate risks, noting that the levels of the evaluation certificate range from 1 to 22, so that level 1 expresses an advantage in all aspects on which the evaluation is based, while level 22 expresses a low level for the establishment, for his part, the Assistant Secretary General for Economic Affairs at the Eastern Chamber Adel Al-Sarami stressed that the workshop comes to embody the important integrative role to support small and medium enterprises, and Al-Sarami indicated that the meeting hosted the CEO of the Saudi Credit Information Company »SIMAH" Nabil Al-Mubarak, with