Al Yusr Leasing & Finance Company signed a cooperation agreement with the KAFALA Program for Financing Small and Medium Enterprises, to increase the scale of finance to support the SME sector and stimulate and develop the promising business sectors as important economic drivers to achieve the objectives of the Kingdom's Vision 2030.

This agreement has come as part of the expansion the services of KAFALA Program for Financing Small and Medium Enterprises to include non-bank financing companies, following the signing of a cooperation agreement between KAFALA and the Small and Medium Enterprises General Authority (Monshaat), with the aim to gear KAFALA for accession to the E-Financing Portal and provision of financing services with banks and finance companies for small and medium enterprises.

The efforts of Al Yusr Leasing & Finance will always be a major support for the programs, initiatives, plans and efforts of the official institutions working on developing and revitalizing the role of the private sector and its institutions and permanently working on stimulating and empowering its role to achieve the objectives of the Kingdom's Vision 2030. This agreement is one of several efforts exerted by Al Yusr in supporting and stimulating the role of entrepreneurs and owners of small and medium enterprises as the most important drivers of the economic growth.

Al Yusr Leasing & Financing Co. combined with the E-Finance Portal launched by Small & Medium Enterprises General Authority (Monshaat) to allow entrepreneurs and owners of small and medium enterprises obtain appropriate financing solutions easily through one portal that brings together the funders and the entities that support finance electronically.

The combining of Al Yusr Leasing & Finance Company with the E-Finance Portal aims at presenting its financial statements and services on its account at the portal in a way that allows beneficiaries access the data, services and financial programs introduced by the Company together with communicating and applying for funding in a direct way.

Al Yusr Leasing & Finance Company keeps pace with new developments of the economic and financial activity through the set-up of initiatives and programs to enhance and stimulate the private sector together with launching its financing programs advanced and compatible with the provisions of the Islamic Sharia and in a way that meets the needs and activities of the small and medium enterprises and requirements of the private sector.