HE Eng. Ahmed bin Sulaiman Al-Rajhi, Saudi Arabia’s Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), has sponsored the signing of development agreements during his visit to the Makkah region.
The visit featured a series of meetings and discussions focused on strengthening collaboration with local community organizations and evaluating the bank’s initiatives in supporting developmental projects, all aligned with its vision to promote economic and social growth in the region.
The Executive Vice President of the Business Sector at the Social Development Bank, Abdullah Al-Ruwais accompanied the Minister on this visit.
Al-Ruwais highlighted the vital role played by SDB in supporting and enabling entrepreneurs, contributing to the growth of the nonprofit sector, and aligning with the goals of Saudi Vision 2030.
As part of the visit’s program, two cooperation agreements were signed with Al-Wedad Charity Association and Qimam Youth Association, aiming to support nonprofit sector institutions and enhance the sustainability of their members by enabling them to benefit from SDB’s financial products through the Jusoor platform, fostering greater integration between the public and nonprofit sectors.
The visit also included a tour of several projects financed by SDB, including Badghish for Rehabilitation and Healthcare, which specializes in providing comprehensive and distinguished care programs. Additionally, the delegation visited the Jada 30 branch in Jeddah and met with several entrepreneurs and owners of innovative startup projects.
According to the reports, the total support provided by the bank to the Makkah region since its establishment has exceeded $82 billion (SAR 31 billion), benefiting 678,000 Saudi citizens, reaffirming the bank’s commitment to supporting entrepreneurship and ensuring the sustainability of small and emerging projects.
