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Social Development Bank launches 10M riyal social fund
The Social Development Bank has signed an agreement with Namal Social Investment Company to establish a funding portfolio worth 10 million riyals to support entrepreneurs and startup enterprises in social investment sectors, in line with Saudi Arabia's Vision 2030 to promote a sustainable economy. The organization will manage the portfolio and direct funding towards areas including health, environmental responsibility, and social impact, with the goal of fostering innovation and increasing sustainable employment opportunities. This collaboration aims to empower social solutions and achieve economic growth through non-profit and private sectors.
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