As part of its financing policy supporting the small and medium-sized enterprise (SME) sector, Riyad Bank led all Saudi banks in the guarantee program during the third and fourth quarters of last year in terms of the number of enterprises, which reached 277 businesses—far outpacing other banks—with financing exceeding 554 million riyals, in exchange for 417 guarantees totaling 275 million riyals.

On this occasion, Malwah Al-Subaie, Director of Commercial Banking at Riyad Bank, said: "Riyad Bank’s leadership position was not a coincidence, but rather the result of professional performance and an outstanding track record in providing financing to small and medium-sized enterprises since the program’s establishment and launch in 2006 through the end of 2016."

Al-Subaie noted that through the program, Riyad Bank offers a wide range of financing options and solutions specifically designed to meet the needs of small and medium-sized enterprises that may face difficulties in obtaining financing through traditional banking channels.

He explained that the program aims to contribute to promoting economic growth in the Kingdom and increasing the efficiency of small and medium-sized production and service projects. He noted that the bank is a key partner in sustainable development in the Kingdom and plays a prominent, active, and leading role in supporting and nurturing startups and small and medium-sized enterprises, which constitute a major pillar of the national economy.