Important Facts of the News
- Eight financing agreements signed on the opening day of Biban Forum 2025.
- SAR5 billion joint financing program launched with Riyad Bank.
- SAR4 billion portfolio agreement signed with Alrajhi Bank.
- SAR2 billion agreement arranged with the Arab National Bank (anb).
- Alinma Bank and Bank AlJazira each extended SAR1 billion in financing solutions.
- Banque Saudi Fransi committed SAR700 million to enterprise growth.
- Saudi National Bank partnered via MoU to explore innovative funding avenues.
- Bank Albilad announced SAR2.9 billion in support for SMEs, plus SAR200 million for fast-growing firms.
- Agreements intended to expand SME participation in Saudi GDP under Vision 2030 goals.
Eight Major Deals Announced on Opening Day
The Biban Forum 2025, staged in Riyadh with the theme “A Global Destination for Opportunities,” kicked off with a strong push for economic innovation and enterprise growth. A total of eight funding agreements worth SAR 17.8 billion were sealed on the first day, focusing on supporting small and medium enterprises (SMEs) across Saudi Arabia.
Riyad Bank Takes the Lead with SAR 5 Billion Program
Monsha’at, the Small and Medium Enterprises General Authority, entered into a SAR 5 billion agreement with Riyad Bank to activate a joint financing program. This initiative aims to offer flexible and diverse financial products targeting micro, small, and medium businesses across various sectors.
Alrajhi Bank and anb Extend Multi-Billion Riyal Support
Alrajhi Bank pledged SAR 4 billion towards a financing portfolio to bolster entrepreneurial ventures and introduce new financial tools. Another SAR 2 billion deal was inked with Arab National Bank (anb) to help strengthen the economic footprint of SMEs and promote national growth.
Additional Banks Join Hands for SME Empowerment
Alinma Bank and Bank AlJazira each committed SAR 1 billion, with programs crafted to address working capital needs and contractor financing. Banque Saudi Fransi added SAR 700 million to the combined effort to accelerate enterprise expansion and economic empowerment.
Bank Albilad and SNB Bring More Opportunities
Bank Albilad rolled out a SAR 2.9 billion financing package primarily aimed at supporting business owners and startups, along with a dedicated SAR 200 million portfolio for high-potential companies under the Tomoh program. Separately, Monsha’at and the Saudi National Bank (SNB) agreed through a memorandum of understanding to jointly design innovative financial products for entrepreneurs.
Boosting Vision 2030 with Strategic Partnerships
These financing partnerships underscore Saudi Arabia’s commitment to promoting a vibrant business environment as part of its Vision 2030 roadmap. The agreements highlight a collaborative approach to strengthening the SME sector’s share in the national GDP by facilitating access to financing and sparking business innovation.