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His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Administrators of the Nationwide Improvement Fund (NDF), issued a choice appointing Youssef bin Abdullah Al-Bunyan as Chairman of the Board of Administrators of the Small and Medium Enterprises Financial institution (SME Financial institution).
On this event, Al-Bunyan prolonged deep thanks and appreciation to HRH Crown Prince and Prime Minister for his belief and valuing the help of HRH Crown Prince for the sector of small and medium enterprises to realize monetary stability for this important sector to be a primary pillar for financial growth within the Kingdom and an enabler for reaching Saudi Imaginative and prescient 2030.
The SME Financial institution was established by Cupboard’s Decision No. (376) dated 2/16/2021, and its statute was issued by Royal Decree No. (M / 46) dated 11/2/2022, as one of many growth funds and banks affiliated with the NDF, which goals to extend the Gross Mortgage Portfolio for the monetary sector, bridge the financing hole, improve the contribution of monetary establishments in offering modern financing options, and obtain monetary stability for this essential sector.
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