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الاقتصادية
Development Bank unveils 10M SAR social investment fund
The Social Development Bank and Namal Social Investment Company have signed an agreement to establish a financing portfolio worth 10 million riyals to support entrepreneurs and startups in the field of social investment. This initiative aligns with Vision 2030 to promote a vibrant and sustainable economy. The bank will manage the portfolio with the aim of empowering projects in the sectors of health, environment, and social impact, seeking to stimulate innovative ideas and grow small enterprises. Additionally, it aims to enhance the responsibility of both the nonprofit and private sectors in national economic growth. This collaboration represents a continuation of the bank’s efforts to expand strategic partnerships and increase social investment to achieve comprehensive economic and social development in the Kingdom.
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