Partnership to fund Aramco projects
Saudi Aramco has announced the launch of financing solutions in collaboration with the Small and Medium Enterprises Bank and Manafah Company, aimed at supporting small and medium enterprises affiliated with Aramco's ecosystem and the industry sector within the Kingdom. The financing opportunities are expected to reach approximately 1.5 billion SAR over five years, through products including working capital finance, invoice financing, payroll, and procurement orders, all supported by swift procedures and flexible repayment plans that comply with Islamic Shariah. This initiative seeks to accelerate these enterprises' access to funding and to promote their sustainability and growth.
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