Under the coordination of the General Authority for Small and Medium Enterprises (Monsha’at), the upcoming ‘Financing Week’ is set to kick off tomorrow. This event, which runs from May 19th to 23rd, is a collaborative effort with Saudi banks and will take place at the Enterprise Support Centers in Riyadh, Medina, Jeddah, and Al-Khobar.
The ‘Financing Week’ aims to shed light on the key financial initiatives and programs that support entrepreneurs, helping to foster growth and expansion of their ventures.
Bringing together a panel of experts in SME financing and entrepreneurship, including the acting CEO of the Social Development Bank, the CEO of the Small and Medium Enterprises Bank, and the CEO of ‘Kafalah’ (a program guaranteeing finance for SMEs), the week will address the major challenges in obtaining suitable financing and introduce the latest financial products in the sector. With over 43 governmental and financial entities participating, attendees will have the opportunity to explore services, initiatives, and products, alongside exclusive offers throughout the week.
In an effort to enhance entrepreneurs’ knowledge, the week features a mix of in-person and virtual meetings, success stories, and workshops. These sessions are designed to familiarize business owners with financing solutions, acquisition requirements, and provide guidance and consultancy to bolster the sustainability of SMEs.
Highlighting the week’s importance, several agreements and memorandums of understanding will be signed between Monsha’at and various funding agencies and specialized companies. These agreements are aimed at setting up financial and awareness programs for SMEs, addressing their challenges, and supporting their expansion and business growth.
Monsha’at invites interested parties to register for the ‘Financing Week’ through their website, offering access to dialogues, session schedules, and other programs that will take place throughout the week.
