RIYADH — Alinma Bank and the Small & Medium Enterprises General Authority (Monsha’at) have entered into an agreement that will enable micro, small and medium enterprises (SMEs) to obtain financing through Alinma Bank via Monsha’at’s dedicated Financing Gateway page at the Monsha’at website. Requests will be automatically routed to the bank for evaluation.

Speaking about the agreement, Alinma Bank Vice President of Retail Banking Ibrahim Al Sayyari said that Alinma was committed to supporting the SME sector, and that by cooperating with Monsha’at, synergies would be created to even better serve those companies in this economically crucial sector. He further noted that a range of financing services would be available to meet the unique needs of SMEs, and that process refinements would lead to simplified application procedures and reduced evaluation times.

Since its inception, Alinma Bank has endeavored to provide innovative services that meet the needs and aspirations of its partners. In addition to its financing services, Alinma also provides a broad range of 24/7 self-service channels that bring convenience to partners’ lives. These include Alinma Internet (www.alinma.com), Alinma Phone (8001208000), the Alinma WAP mobile browser interface, and the Alinma smart device application. Alinma also serves its partners through a kingdom-wide network of 170 branches and 1,500 ATMs.