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Recovered 255 million riyals from 8800 establishments

Recovered 255 million riyals from 8800 establishments

The Small and Medium Enterprises General Authority, "Monsha'at," announced that the value of reimbursed government fees under the "Reimbursement" initiative has exceeded 255 million SAR, benefiting more than 8,800 small and medium enterprises out of approximately 38,000 eligible entities. The initiative aims to ease the financial burden on emerging businesses during their establishment and growth phases. It includes the reimbursement of commercial registration fees, licenses, Chamber subscriptions, patent registration costs, as well as up to 80% of the fees for foreign workers. The initiative allows enterprises to register until the end of 2026 and to receive reimbursements until 2028, with the goal of supporting the sustainability and growth of small and medium-sized enterprises.

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