Riyadh: The Biban Forum 2025, held in Riyadh under the theme ‘A Global Destination for Opportunities,’ saw the signing of eight banking and financing agreements on the first day.
According to Saudi Press Agency, the deals were signed between the Small and Medium Enterprises General Authority (Monsha’at) and several national banks. These agreements aim to support small and medium enterprises (SMEs) and empower male and female entrepreneurs to access flexible and innovative financing solutions.
Monsha’at entered into an agreement with Riyad Bank worth SAR5 billion to activate a joint financing program offering a variety of solutions for micro, small, and medium enterprises. Additionally, another agreement was concluded with Alrajhi Bank for a SAR4 billion financing portfolio to support entrepreneurial ventures and expand innovative financial products.
A SAR2 billion agreement was signed with the Arab National Bank (anb) to aid enterprises in expanding and strengthening their contribution to the national economy.
To improve access to finance and enhance operational efficiency, Monsha’at signed an agreement with Alinma Bank for a SAR1 billion financing portfolio, alongside another SAR1 billion agreement with Bank AlJazira, covering several financing programs, including working capital and contractor financing.
A SAR700 million agreement was established with the Banque Saudi Fransi (BSF) to support enterprise growth and advance financial and economic empowerment objectives.
The forum also witnessed the signing of a memorandum of understanding between Monsha’at and the Saudi National Bank (SNB) to enhance cooperation in developing innovative financing solutions that foster entrepreneurship and expand funding opportunities.
Moreover, Bank Albilad announced a SAR2.9 billion financing portfolio to support entrepreneurs and SMEs, along with a SAR200 million portfolio dedicated to fast-growing enterprises under the Tomoh program.
These efforts were crowned with an agreement between Monsha’at and Riyad Bank to strengthen collaboration in supporting high-growth enterprises and expanding strategic partnerships.
The agreements reflect Monsha’at’s commitment to promoting a competitive financing environment and empowering SMEs to play an active role in economic development, in line with Saudi Vision 2030, which aims to increase the sector’s contribution to gross domestic product (GDP).
