SAUDI ARABIA

Saudi SMEs Bank, Bpifrance sign MoC to transfer expertise

July 12, 2021

RIYADH — Saudi Bank of Small and Medium Enterprises and French Public Investment Bank (Bpifrance) have signed a Memorandum of Cooperation that aims at transferring expertise and best practices to the SMEs Bank and designing financing products for the SME sector.

The SMEs Bank CEO Mohammed Al-Maliki said that the memorandum falls within the institution's objectives that seek to increase the financing for small and medium enterprises to enhance their economic developmental contributions in line with the Saudi Vision 2030.

For his part, CEO of Bpifrance Nicolas Dufourcq said that the memorandum marked the beginning of a partnership with the SMEs Bank, to exchange expertise in finance, investment, innovation and support small and medium enterprises. — SPA


July 12, 2021
175 views
HIGHLIGHTS
SAUDI ARABIA
12 hours ago

Bahrain Crown Prince receives Saudi Interior Minister  

SAUDI ARABIA
13 hours ago

Al-Jalajel: Saudi Arabia remains central hub for addressing global challenges

SAUDI ARABIA
13 hours ago

In-person classes will remain suspended in Jeddah, Rabigh and Khulais schools on Thursday