PARTNERS: Saudi Credit & Saving Bank and Bab Rizq Jameel sign the agreement. (AN photo)

JEDDAH: The Saudi Credit & Saving Bank signed an agreement with Bab Rizq Jameel (BRJ), an affiliate of Abdul Latif Jameel Community Services Programs, through which the bank will allocate a portfolio of SR100 million to support and finance existing and new small projects, entrepreneur projects and productive household projects.

The purpose of the agreement is to establish a partnership between the public and private sectors to help create effective mechanism and investment channels that benefit the Saudi young males and females and enable them to start and own their own projects. Accordingly, young males and females could secure continuous income and jobs for themselves and for other young males and females, which will certainly be in the benefit of the national economy.