Saudi National Bank (SNB) has announced the launch of a new SAR 5 billion financing portfolio dedicated to supporting small and medium-sized enterprises (SMEs) across the Kingdom. The initiative was unveiled during the bank’s participation in the Biban 2025 forum, a major entrepreneurship event organized by the General Authority for Small and Medium Enterprises (Monsha’at) in Riyadh.
Fueling Economic Growth and Vision 2030
The new portfolio is designed to provide flexible and innovative financing solutions that cater to the evolving needs of entrepreneurs, supporting their operational expansion and business sustainability. The move underscores SNB’s commitment to bolstering the Kingdom’s SME sector, a critical pillar of the national economy.
In a statement on the launch, Tariq Al-Sadhan, CEO of SNB, commented, “We at SNB are proud of our continuous support for entrepreneurs and empowering the small and medium-sized enterprises sector, recognizing their vital role in strengthening the national economy and driving sustainable growth.”
Al-Sadhan added, “We continue our commitment to achieving the goals of Saudi Vision 2030 through initiatives that contribute to developing the entrepreneurial environment and consolidating the Kingdom’s position as a leading center for innovation and ambition.”
A Strategic Launch at Biban 2025
The announcement was made at the Biban 2025 forum, held from November 5th to 8th in Riyadh under the theme “A Global Destination for Opportunities.” As one of the largest entrepreneurship platforms in the region, Biban serves as a crucial meeting point for entrepreneurs, investors, and policymakers.
The forum brings together over 200 speakers, 150 supporting entities, and more than 1,000 local and international entrepreneurs. It aims to foster strategic partnerships, explore new opportunities, and cultivate innovative ideas to accelerate the growth of the Kingdom’s entrepreneurial ecosystem.
About Saudi National Bank (SNB)
Saudi National Bank (SNB), formerly known as The National Commercial Bank (NCB), is Saudi Arabia’s largest commercial bank. Formed through the merger of NCB and Samba Financial Group in 2021, SNB is a leading financial institution in the region, playing a significant role in the Kingdom’s economic transformation by providing a comprehensive range of banking and financial services to individuals, businesses, and government entities.
Source: Mubasher Banks
