On the third day of Biban Forum 2025, organized by the Small and Medium Enterprises General Authority “Monsha’at”, a total of 11 agreements and memoranda of understanding were signed, alongside seven launches with a combined value exceeding SAR 7.6 billion in financing portfolios supporting entrepreneurial ventures and the SME sector.

Monsha’at signed cooperation agreements with Tarmeez Capital to allocate SAR 4 billion in financing for entrepreneurs and SMEs, Tayseer Finance with a financing portfolio valued at SAR 3 billion, and Alpha Arabia Finance with a SAR 600 million portfolio under joint financing programs designed to promote growth and sustainability among micro, small, and medium enterprises.

The agreements also included cooperation with Crafts Association to deliver three training boot camps aimed at improving artisans’ access to raw materials and enhancing their skills; with Ektfa organization to advance social entrepreneurship through Mashroui 3 initiative; with Golf Saudi to enable micro, small enterprises and artisans to participate in sports and entertainment events; and with Jahez through Mashrouak Jahez initiative to support entrepreneurs entering the e-commerce sector through training and technical assistance.

In the academic sector, Monsha’at signed agreements with Prince Sattam bin Abdulaziz University and Arab Open University to promote entrepreneurship awareness through workshops and training programs.

Monsha’at also signed an agreement with King Salman Science Oasis to stimulate innovation and investment in technology and entrepreneurship, while the forum also featured several notable entrepreneurship and innovation initiatives.

On the development finance front, Sulaiman Abdulaziz Al Rajhi Development Finance Foundation, in cooperation with the General Authority for Awqaf, announced a financing product dedicated to beneficiaries of JANA Fund, offering productive families loans ranging from SAR 60,000 to SAR 200,000 based on project size and needs. Meanwhile, Model Organization launched a technology hackathon targeting nonprofit organizations.

Saudi Finance Company also launched a Tax Return Financing Program to support micro, small, and medium enterprises, providing operational financing of up to SAR 750,000 through streamlined digital procedures to ease financial obligations. In addition, a specialized cultural-sector hackathon was launched to empower entrepreneurs to establish startups and develop innovative solutions in the cultural economy, supporting entrepreneurship and creative industries.

These agreements reflect Monsha’at’s commitment to strengthening Saudi Arabia’s entrepreneurship ecosystem through strategic local and international partnerships that empower entrepreneurs, expand growth opportunities for SMEs, foster innovation, and support economic diversification in line with Saudi Vision 2030.