{"id":21551,"date":"2018-09-05T13:19:39","date_gmt":"2018-09-05T10:19:39","guid":{"rendered":"http:\/\/www.amlak.net.sa\/home\/?p=21551"},"modified":"2018-09-05T13:19:39","modified_gmt":"2018-09-05T10:19:39","slug":"%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d8%ac%d8%b2%d9%8a%d8%b1%d8%a9-%d9%8a%d9%88%d9%82%d9%91%d8%b9-%d9%85%d8%b9-%d8%a8%d8%b1%d9%86%d8%a7%d9%85%d8%ac-%d9%83%d9%81%d8%a7%d9%84%d8%a9-%d8%a7%d8%aa%d9%81","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/21551\/","title":{"rendered":"Bank Al Jazira signs agreement with Kafalah program to finance small and medium enterprises"},"content":{"rendered":"

Bank Al Jazira has entered into an enhanced agreement with the SME Finance Kafalah Program to encourage and stimulate an increase in the coverage of guarantees in accordance with Sharia financing formulas due to the importance of this sector and its economic and social impact.<\/p>

\nHammam Hashim, Director General of the Kafalah program, said that the agreement contributes to achieving the Kingdom's Vision 2030 in order to keep pace with the steady growth in the number of requests submitted by the owners of the concerned enterprises to obtain financing under the program's sponsorship.<\/p>

For his part, the CEO of Al Jazira Bank said\nFor his part, Bank Al Jazira CEO and Managing Director Nabil bin Dawood Al Hoshan said that the updated agreement contributes to achieving the ambitious goals related to the SME sector and financing enterprises targeted by Vision 2030 as well as in promising regions, as the bank was keen to provide facilities and harness the necessary capabilities to enhance and expand the constructive partnership with the Kafalah program.<\/p>

Bank Al Jazira is keen to provide facilities and harness the necessary capabilities to enhance and expand the constructive partnership with the Kafalah program.\nThe agreement comes in its new and updated version with a number of effective advantages in the development of these enterprises, raising the lending rate for this segment and expanding the circle of beneficiaries of SMEs to include tourism sector activities and emerging enterprises, with additional advantages for promising regions and businesswomen.<\/p>

Bank is keen to provide facilities and capabilities to enhance the constructive partnership with the Kafalah program and expand its scope.\n<\/div>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>Bank Al Jazira has signed an updated agreement with the SME Guarantee Program aimed at encouraging and stimulating an increase in the coverage rates of guarantees in accordance with the legal financing formulas, due to the importance of this sector and its economic and social impact. Hameem Hashim, General Manager of the SME Guarantee Program, said that the agreement contributes to achieving the Kingdom\u2019s Vision 2030 by keeping pace with the steady growth in the number of applications submitted by \u2026 Read 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