Al-Zahrani: Interest-free financing is a service provided by the Social Development Bank that helps boost business

The Executive Director of Enterprise Finance at the Social Development Bank, Ahmed bin Ali Al-Zahrani, said that the bank aims to provide financial and non-financial services and effective and meaningful savings programs supported by qualified human cadres to contribute to social development and build companies with multiple sectors.

Al-Zahrani said during a remote meeting organized on the evening of Monday, October 26, 2020, the Asharqia Chamber represented by the Qatif Business Council, and managed by the Chairman of the Council, Eng. Small and emerging enterprises sector, and working to encourage savings and savings for individuals and institutions in the Kingdom and to find tools that achieve this goal, seeking to be a pioneer in enabling social development tools and enhancing financial independence for individuals and families towards a vibrant and productive society.​

Al-Zahrani explained a number of services provided by the bank that help in the advancement of business, including the provision of interest-free financing, in addition to the grace period that starts from the date of disbursing the first payment for a period of 18 months or more, easy installments and a payment period of up to 96 months, in addition to providing programs and training courses,​ In particular, it works to qualify and sponsor entrepreneurs through training courses and free financial and marketing advice, noting that the bank provides interest-free loans to small and emerging enterprises and to citizens of crafts and professions to encourage them to pursue businesses and professions on their own and for their own account.

Al-Zahrani talked about the initiative of the (Dellny)Business Center, which is concerned with providing a package of non-financial services to small and medium enterprises, which vary between training, consulting, and guidance, with the aim of improving the performance of small and emerging enterprises and developing them to meet the challenges of understanding the market, the regulatory environment, how to manage business and access to the market, competition and prevention From faltering.​