In Riyadh, the General Authority for Small and Medium Enterprises, known as ‘Monsha’at’, has entered into several financing agreements during the Financing Week event, aimed at empowering the SME sector and entrepreneurs. These agreements are designed to present initiatives and financial solutions to support the growth and expansion of their ventures.
Monsha’at announced that the first of these agreements was with the Saudi Banks’ Media and Awareness Committee. This agreement focuses on developing and supporting the entrepreneurial environment and SMEs in the realm of financial literacy, along with supporting small and medium-sized enterprises through awareness and marketing campaigns.
Another partnership between Monsha’at and Jana Investment Company is set to identify the needs and challenges faced by entrepreneurs and SMEs in the investment field. The goal is to find tailored and high-quality solutions for these challenges and to assist and empower them in understanding investment financing opportunities to enhance their project growth.
Through its agreement with Areib, a digital brokerage solutions company, Monsha’at aims to offer services related to financial mediation, showcasing programs and solutions for the sector to develop and support the entrepreneurial and SME environment.
Furthermore, Monsha’at’s collaboration with the Smart Interaction Company for digital mediation is dedicated to providing financing opportunities that contribute to achieving the goals of entrepreneurs. This is achieved through joining the ‘Mazaya’ platform, one of Monsha’at’s services offering discounts and deals on various products, including financial products for SMEs, and developing content to educate and inform about financial tools and options for business owners.
The Financing Week continues with numerous developmental and awareness programs to support entrepreneurs in enhancing the sustainability of their projects and gaining appropriate support and financing.
