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الاقتصادية
New finance partnership for SMEs in Aramco network
The Small and Medium Enterprises Bank, in collaboration with the "Aramco Talee'd" Program and "Manafi" Fintech Company, has launched new financing solutions to support small and medium enterprises connected to the Saudi Aramco ecosystem and the industrial sector. The initiative aims to enhance their access to funding and improve operational efficiency. The program offers flexible financing totaling approximately 1.5 billion Saudi Riyals over five years, including working capital, invoices, salaries, and purchase orders, with repayment plans of up to 12 months, in compliance with Islamic Shariah principles. This step is part of efforts to support the private sector and facilitate sustainable business growth, aligning with Saudi Arabia's Vision 2030 goals to boost the role of small and medium enterprises in economic development.
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