<The General Authority for Small and Medium Enterprises (Monsha'at) has launched the “Elite Ambition” program in partnership with Elite SBA, a subsidiary of the London Stock Exchange Group, to develop and support fast-growing enterprises eligible for listing on financial markets, as part of its plans to serve small and medium enterprises. <The program supports SMEs through 10 key aspects, including training programs in the following areas: (strategy, innovation and global growth, organizational models and governance, development of financial systems, financing options, business planning, measuring the status of the facility for listing and simulated IPO, final review, project presentation to investors), and enhances linking the facility to a network of advisors and investors to develop the facility and prepare it for financing or listing on the parallel market “Nomu”.

The program aims to support SMEs through 10 main aspects. By launching the program, Monshaat aims to support SMEs to ensure their growth and enhance their opportunities to enter new markets in addition to launching several other programs that meet the needs of SMEs in the Kingdom, and Monshaat allows registration in the program by accessing the following link for all SMEs.

It is noteworthy that Monshaat seeks to empower SMEs, as empowerment is one of the most important programs that Monshaat is working on, as it comes in line with one of the most important goals of Vision 2030, which aims to increase the contribution of SMEs to GDP and create many job opportunities in SMEs.