Asharqia Chamber organizes the introductory meeting for the financing agencies in Jubail
Asharqia Chamber, represented by the Women's Empowerment Center in its branch in Jubail Governorate, organized on Tuesday evening, January 24, 2023, the introductory meeting for the financing agencies, in which the director of the National Entrepreneurship Institute branch, Sulaiman Al-Zaidi, and the head of the enterprise financing unit for the business sector at the Social Development Bank, Nasser Al-Mutairi, spoke.
Al-Zaidi said that the Riyada Institute is a national, non-profit center that specializes in assisting those wishing to practice self-employment and owners of small and emerging projects of both sexes through training and qualification, providing consultations and guidance, incubating projects, helping to obtain financing and facilitating government procedures by a group of national specialists in the field of entrepreneurship. By adopting the latest methods and technologies.
Al-Zaidi indicated that the institute seeks to provide several services, namely: spreading the culture of self-employment, training, and qualification, facilitating access to financing, providing specialized consultations, facilitating obtaining the necessary licenses for opening projects, guidance and guidance services, in addition to sponsorship that extends for three years from the opening of the project.
For his part, Al-Mutairi explained during the meeting, which was attended by the Chairman of the Business Council of the Asharqia Chamber branch in Jubail, Saad Al-Buainain, that the Social Development Bank provides financing products for individuals and establishments in various forms, and supports new emerging establishments with financing amounting to 4 million riyals for entrepreneurs in the excellence product or institutions aiming to obtain Commercial concession. The bank supports and finances existing facilities, up to ten million riyals, depending on the product and the existing project.
He pointed out that the bank is the leading financier in the field of supporting and financing small and emerging projects, as it aims to empower young men and women who have a desire and achieve an ambition to practice self-employment and pave the way to success towards self-independence by owning their projects.