The Social Development Bank and Al Yusr Leasing and Financing Company, in the presence of Small & Medium Enterprises General Authority “Monsha’at”, signed a strategic financing agreementو under which Al Yusr  shall provide its financing services in accordance with the initiative of indirect lending to small and medium enterprises (SMEs).

The initiative, launched recently by Monsha’at in cooperation with Local Content and Private Sector Development Unit “Namaa” within the plan of promoting the private sector, aims to provide low-cost loans for financing companies authorized by Saudi Arabian Monetary Authority (SAMA), which in return provide financing solutions and loans of competitive advantages for SMEs and entrepreneurs.

The Chairman of the board of directors of Al Yusr Leasing and Financing Company, Abdul Mohsen Abdul Latif Al Issa, confirmed that the objectives and efforts of his company will always be a major support for the efforts and directions of the Kingdom's wise government and sectors of its institutions that aim to develop andrevitalize the role of