Reap “and” bancassurance Development Bank support productive families


Formed a partnership agreement signed today in Riyadh between the productive family building Center “Genie with Bank of social development by creating a portfolio valued at one billion and four hundred thousand reais, a new road map to realize the vision of the Kingdom 2030 to support the SME sector and microfinance industry in the cities of the Kingdom, and create jobs and Emiratisation and reduce poverty and unemployment and would be financed from this agreement for 100 thousand families on level 19 cities in the Kingdom.

The agreement was signed, Dr Abdullah Ant Social Development Bank Director, by the Chairman of the Board of Trustees of harvest Center Foundation Sulaiman Abdul Aziz Al Rajhi, Dr Abdul Rahman Al-Rajhi, attended the signing of a number of officials from the two sides and a number of journalists.

Mohamed Thursday stressed the head of the Supervisory Board of the Center make that transition to the microfinance industry by 2030 is the primary tributary Kingdom vision to create jobs and empower the community and support the national economy and the development of industry and national character through the services of financial inclusion and non financial services, which will apply to the target groups, expected proportion of small enterprises in the national economy of 18% to 34% by 2030 Kingdom vision.

And through Mahmoud Shami, Executive Director of the Geneva Centre, thanks and gratitude to the Social Development Bank strategic partner in this agreement that serve the objectives of the Kingdom and provide employment opportunities for women entrepreneurs in all regions of the Kingdom, as well as the role of the Convention in making productive family building Center “genie of the largest microfinance institutions in the region in Arabic the size and nature of the financial and non financial services provided to improve the quality of life of target groups.

It is worth mentioning that during the seven years of harvesting and center of its foundation provided 72 thousand jobs for women and support economic and social trends in the realization of the principle of social and economic empowerment of women in society for women have been instrumental in achieving the vision of the Kingdom and to build a society and a strong economy.

The Centre is one of the initiatives Foundation Sulaiman Abdul Aziz Al Rajhi charity founded community service 2010 funded by endowments, Sheikh Sulaiman Al Rajhi and funded small productive projects for women were spending their endowments and 67,158 until 2016, $397, 665, 665 SR, the Center seeks to achieve leadership and leadership in sustainable community action which focus on creating added value for the community to engage all sectors of society in economic development and integration to achieve a strong economy.