Monsha'at: Biban 2024 Accelerates Transformation Of Saudi Entrepreneurship With Over SAR 10.6 Billion Worth Of Agreements

RIYADH, Saudi Arabia, Nov 11 (Bernama) -- The Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, Monsha’at, has taken another important step towards reshaping the Saudi entrepreneurship landscape, following the announcement of 16 agreements worth more than SAR 10.6 billion on the fourth day of Biban24.

Extending its ongoing efforts to empower Saudi entrepreneurs and bolster the Kingdom’s SME infrastructure, Monsha’at also officially announced a wide selection of agreements to allocate substantial financial portfolios to financing Saudi Arabia’s rapidly growing community of entrepreneurs. This includes a portfolio worth SAR 3.1 billion, in collaboration with Tayseer Finance; as well as a portfolio valued at SAR 2 billion with Lendo Company. Monsha’at also announced a SAR 1 billion portfolio with Tarmeez Capital. These agreements are fully geared towards providing SMEs with steppingstones to success and facilitating more seamless and ready access to vital tools and resources.