SFC has signed a new cooperation agreement with the SME Financing Guarantee Program, “Kafala” which aims to increase financing to support the SME sector. In order to stimulate the economy and the development of promising business sectors. The agreement was signed on behalf of Saudi Finance Company by its CEO Emad Al-Shari’ah and the sponsorship program of its General Manager Humam Hashim.
The Director General of KAFALA expressed his delight at this new cooperation with the Saudi Finance Company. He pointed out that the partnership will play an active role in revitalizing the sector of small and medium enterprises and increase financing options, whose objectives are based on supporting a larger segment of owners of these enterprises. He stressed the keenness of the program to continue cooperation with partners of success to provide services to more financing companies licensed by the Saudi Arabian Monetary Agency.
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