RIYADH: The Social Development Bank announced at the Gulf Entrepreneurship Congress in Riyadh to allocate more than SR11 billion ($2.9 billion) to support over 680,000 entrepreneurs in Saudi Arabia.
The bank supports many financing, training and sponsorship programs for entrepreneurs to help them develop their projects, the Saudi Press Agency reported on Sunday.
The Saudi-based bank has provided loans worth more than SR10 billion, the report quoted Ibrahim Al-Rashed, CEO of the bank, as saying.
The bank also signed several agreements with strategic partners to provide training to Saudi entrepreneurs.
