Samba Financial Group revealed that it will be the supporting partner of the financing awareness program, which is aimed at enabling entrepreneurs and SME owners to deal with various financing solutions and how to access the sources that suit their needs, as part of its continuous efforts to support and empower the SME sector.

This came during a memorandum of understanding signed between Samba Financial Group and the General Authority for Small and Medium Enterprises (Monsha'at).

This came during a memorandum of understanding signed by the Group with the General Authority for Small and Medium Enterprises (Monshaat), on the sidelines of Samba's participation in the “Bipan Riyadh 2020” forum, which kicked off on Wednesday, January 29 in Riyadh, organized by the General Authority for Small and Medium Enterprises, and the participation of 180 entities from the public and private sectors that support and enable the SME sector and entrepreneurs.

This came during a memorandum of understanding signed by the Group and Monshaat.

According to the MoU signed between the two sides, Samba will prepare an implementation plan to organize awareness seminars and events in the field of financing for SME owners and entrepreneurs, as well as developing content for this segment, as well as designing the necessary educational channels and paths to raise awareness of financing options and tools designed for entrepreneurs and SMEs, as well as contributing to the dissemination of the content of the financing awareness program prepared by Monshaat.

According to the MoU signed by the two sides, Samba will be responsible for preparing an implementation plan to organize seminars and awareness events in the field of financing for entrepreneurs, SME owners and entrepreneurs, as well as developing content directed to those with this category.

The MoU was signed by Mohammed Al Malki, Deputy Governor for Finance at SME Authority, and Sami Al Muhaimid, Head of Local Corporate Banking at Samba Financial Group.

The MoU was signed by Mohammed Al Malki, Deputy Governor for Finance at SME Authority, and Sami Al Muhaimid.

Finance is one of the most important drivers associated with the facilitation of doing business, and the requirements to enable enterprises and entrepreneurs to grow and expand and increase their efficiency and productivity of activities. Through the Financing Awareness Program, Monshaat aims to increase the awareness of business owners and entrepreneurs on how to obtain and deal with financing solutions, through cooperation with the partners supporting the program from the leading financing entities, led by Samba.“