In a significant move to bolster the Kingdom’s entrepreneurial landscape, Banque Saudi Fransi (BSF) has signed a strategic cooperation agreement with Saudi Arabia’s Small and Medium Enterprises General Authority, “Monsha’at.” The agreement, announced on the sidelines of the Biban 2025 forum in Riyadh, establishes a SAR 700 million financing portfolio dedicated to supporting the nation’s small and medium-sized enterprises (SMEs).
A Strategic Partnership For Growth
The SAR 700 million financing initiative is designed to provide crucial capital to entrepreneurs and SMEs, enabling them to pursue expansion and scale their operations. This collaboration between a leading financial institution and a key government authority underscores a unified commitment to fostering a vibrant and sustainable SME sector, a cornerstone of Saudi Arabia’s Vision 2030 economic diversification goals.
Biban 2025 The Hub for Entrepreneurial Opportunity
The agreement was unveiled at Biban 2025, one of the region’s most prominent international events for entrepreneurship. Organized by Monsha’at, the forum brings together a vast network of over 200 speakers, 150 supporting entities, and more than 1,000 entrepreneurs from across the globe. Held under the theme “A Global Destination for Opportunities,” the event serves as a critical platform for building strategic partnerships, exploring new ventures, and fostering innovation within the Kingdom’s growing startup ecosystem.
About Banque Saudi Fransi
Banque Saudi Fransi (BSF) is a leading Saudi Arabian bank with a long-standing history of providing comprehensive and innovative financial services to both corporate and retail clients. The bank is committed to contributing to the Kingdom’s economic development by supporting various sectors, including the rapidly expanding SME and entrepreneurship ecosystem.
About Monsha’at
The Small and Medium Enterprises General Authority (Monsha’at) was established in 2016 to regulate, support, and develop the SME sector in Saudi Arabia. It aims to increase the productivity of SMEs and their contribution to the GDP by creating a supportive environment that encourages entrepreneurship, innovation, and growth across the Kingdom.
Source: Mubasher Banks
