$5.3 million “Jadeer” program beneficiaries

$5.3 million “Jadeer” program beneficiaries

The Global Entrepreneurship Conference (GEC), which is currently being held in the city of Riyadh, under the generous patronage of His Highness the Crown Prince - may God protect him - and enjoys a large international follow-up and attendance; The signing of a distinguished partnership agreement between the General Authority for Small and Medium Enterprises (Monsha’at) and Al Jabr Finance Company, through which the company provides financing products to entrepreneurs and small and medium enterprises, with a value of $5.3 million, as the first financing agency in the Kingdom to conclude an agreement with (Monsha’at) to support the “Jadeer” program. To stimulate enterprises launched by the authority, the signing ceremony took place between the Deputy Governor of the General Authority for Small and Medium Enterprises, Mr. Muhammad Al-Malki, and a member of the Board of Directors of Al-Jabr Finance Company, Mr. Muhammad Ibrahim Al-Jabr.

Regarding this agreement, Mr. Muhammad Ibrahim Al-Jabr praised the important role played by the authority in supporting the private sector, which is one of the pillars of the Kingdom’s Vision 2030, adding: “Small and medium enterprises are a basic pillar of any strong and integrated economy. The Kingdom, may God protect it in this sector, but we are proud of being one of the active components in this movement. This agreement, which was signed today in this global economic event, is the culmination of the company’s previous and ongoing partnerships with facilities).

He affirmed the belief of the Board of Directors of Al Jabr Finance and its executive body in these qualitative partnerships, as they are one of the strategic goals of the company since its inception.

It is noteworthy that Al Jabr Finance Company is one of the leading companies in the Kingdom, which is distinguished by its flexible financing products that are compatible with Shariah regulations and controls.