Saudi Credit and Savings Bank and Tatweer Educational Transportation Services recently signed a Memorandum of Understanding to develop areas of support and financial financing for individuals and small and medium-sized school transportation contractors in the Kingdom, at the Bank's headquarters in Riyadh.

<The memorandum, signed by the Bank's General Manager Dr. Ibrahim bin Abdulaziz Al-Hanishal and the company's CEO Dr. Sami bin Abdullah Al-Dubaikhi, aims to establish a permanent strategic partnership relationship that is mutually beneficial and achieves common goals of contributing to social and economic development in various regions of the Kingdom, especially remote areas.

Dr. Al Hanishel stressed that the memorandum will serve as a catalyst to improve the school transportation environment and increase its efficiency, in addition to enhancing the role of small and emerging enterprises, which the bank focuses on supporting and nurturing as its main objective, noting that the bank is keen to create job opportunities for such groups benefiting from an important sector such as school transportation.

For his part, the CEO of Tatweer Educational Transportation Services explained that the agreement aims to develop and define the areas of financial support that the Credit Bank can provide to two main categories, namely individuals and small and medium-sized Saudi educational transportation contractors, by developing financial products in the form of new paths to support these two categories.