Sme Bank

Overview About The Small and Medium Enterprises Bank is a starting point in providing the necessary financing for small and medium enterprises, with an aim to achieve growth and economic prosperity, in accordance with the objectives of the Kingdom’s Vision 2030. Background The Small and Medium Enterprises Bank was established in the Kingdom of Saudi Arabia on 04/07/1442 AH (16/02/2021 AD). The bank was established as part of the Saudi leadership’s interest to organize, support, and develop the small and medium enterprises (SMEs) sector in the Kingdom, and to raise the productivity of these enterprises to increase their contribution to the GDP. We are working in coordination with the relevant authorities on a set of foundational projects necessary to establish this new entity. The SMEs Bank is organizationally linked to the National Development Fund, as one of the development funds in the Kingdom, and it will include both the Finance Guarantee Program “Kafalah” and the Saudi Venture Investment Company as subsidiary entities. Vision and Objectives: The Small and Medium Enterprises Bank aspires to become a primary provider of financing solutions for small and medium enterprises, to develop their role in the economy of Saudi Arabia, and to stimulate their growth at all stages by providing its financial products and services through digital channels, in accordance with the objectives of the Kingdom’s Vision 2030 to build a digital economy and digital nation. The SMEs Bank will also work on a set of strategic objectives that include increasing the volume of financing provided to SMEs sector to include loans and capital financing solutions, and financing guarantees. Contact us: smebankcare@smebank.gov.sa Website: www.smebank.gov.sa