In a major boost to Saudi Arabia’s entrepreneurial ecosystem, Riyad Bank has partnered with the General Authority for Small and Medium Enterprises “Monsha’at” to launch a landmark 5 billion SAR financing portfolio. The strategic agreement was signed on the sidelines of the Biban 2025 forum, currently underway in Riyadh.
A Strategic Partnership for Growth
The collaboration between Riyad Bank and Monsha’at is designed to empower entrepreneurs and accelerate the growth of small and medium-sized enterprises across the Kingdom. By providing access to significant capital through innovative financing solutions, the initiative aims to strengthen a critical pillar of the Saudi economy and foster a more dynamic business environment.
This move aligns directly with the goals of Saudi Vision 2030, which emphasizes the importance of a thriving SME sector for economic diversification and job creation. The partnership leverages Riyad Bank’s financial expertise and Monsha’at’s deep understanding of the challenges and opportunities facing local startups and businesses.
The Biban 2025 Forum as a Launchpad
The announcement was made at the Biban 2025 forum, the region’s largest platform for entrepreneurship and SMEs. Now in its eleventh edition, the event gathers over 200 speakers, 150 supporting entities, and more than 1,000 entrepreneurs from around the world under the theme “A Global Destination for Opportunities.”
Choosing Biban 2025 as the venue underscores the fund’s significance, placing it at the center of discussions among key stakeholders, including entrepreneurs, investors, and policymakers. The forum provides an ideal environment for fostering strategic partnerships and exploring new avenues for growth within the Kingdom’s burgeoning startup scene.
About Riyad Bank
Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, the bank offers a comprehensive range of banking and investment services to a diverse customer base of individuals, corporations, and institutions. With a strong focus on innovation and digital transformation, Riyad Bank plays a pivotal role in supporting the Kingdom’s economic development and its growing SME sector.
Source: Mubasher Banks
