Saudi Arabia’s SDB Allocates SAR 9 Billion for Small Businesses

The Social Development Bank (SDB) in Saudi Arabia has recently launched SAR 9 billion worth of new initiatives to support micro businesses in the country, as well as self-employed entrepreneurs, in sectors of utmost priority and potential, according to local media reports.

This program is expected to channel funding through four tracks with more than 6,000 start-up businesses gaining access to quick and easy funding as part of the first tract. The second track will support 1,000 establishments in the healthcare sector, and is aimed at providing funding support to allow them to increase operational capacity amidst the current crisis.

The program will also offer quick and affordable fu...