Kafalah signs financing agreements for SMEs to revitalize the sector

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The SME Finance Guarantee Program has signed a cooperation agreement with OrEx Saudi Leasing Company and Gulf Finance Company, thus starting to provide its services to non-bank financing companies licensed by the Saudi Arabian Monetary Agency, which is expected to be expanded in the coming period to additional companies.

The agreement was signed by General Manager Hammam Hashim, OrEx CEO Badr Al-Suwailem, and Gulf Finance CEO Atef Al-Athri. The agreement was signed by Kafalah's General Manager Hammam Hashim, OrEx's CEO Badr Al-Suwailem, and Gulf Finance's CEO Atef Al-Athri.

Hashim explained the agreements. Hashim explained that the agreements will play an important role in revitalizing the SME sector and expanding financing options whose objectives are based on supporting a larger segment of SME owners.

Hashim explained that the agreements will play an important role in revitalizing the SME sector and expanding financing options whose objectives are based on supporting a larger segment of these enterprises.