SDB Launches SAR 2 Billion Fund for SMEs in Healthcare Sector

The Social Development Bank (SDB) of Saudi Arabia has launched a SAR 2 billion (USD 530 million) healthcare fund to provide assistance to new, as well as established small and medium enterprises (SMEs) in the healthcare industry across the country.

Under this fund, the SDB will offer swift and flexible financing solutions to suit the requirements of each beneficiary. The aim is to assist SMEs in the healthcare sector, allowing them to continue providing their services to the public, while uplifting their contribution to economic growth and employment.

The SAR 2 billion fund is part of the recently announced SAR 12 billion support program designed to mitigate the financial and economi...