"Minshat" talks with funding agencies to increase the loan rate of "small and medium"

The General Authority for Small and Medium Enterprises (SMEs) examined "facilities" at the Financial Sector Workshop at the headquarters of the Saudi Monetary Agency (SAMA) in Riyadh Monday in the presence of several banks and finance companies. Loan rate to 20% by 2030.
Minshat has revised its objectives and plans to provide financing solutions to support small and medium-sized enterprises as well as new programs offered by the KAFALA program and has implemented place a platform to link loans and investment finance.
The role of banks and finance companies to develop the sector, diversify financing solutions, support private platforms for financing using financial technology solutions, and the importance of creating incubators and accelerators were also discussed. Mohammed Al Malki, Deputy Governor of Finance in Minshat, said, "We continue to diversify sources of financial support for small and medium-sized enterprises in cooperation with regulators, the public and private sectors." Policies and Standards for Small Financing and medium-sized enterprises, as well as business development support programs, which contribute to increasing their contribution to GDP in line with the vision of the 2030 Kingdom. "