The Small and Medium Enterprises General Authority “Monsha’at” honored the leading financing entities supporting micro, small, and medium enterprises for 2023, at the conclusion of the Biban 24 forum, held under the theme A Global Destination for Opportunities.
The honoring comes as part of encouraging an increase in lending to enterprises, which will positively reflect on the financing environment for micro, small, and medium enterprises.
Saudi National Bank topped the list of honorees, receiving the award for the top bank in financing micro and small enterprises by financing value for 2023, in recognition of its support for this vital category of projects. Monsha’at also honored Riyad Bank as the top bank in financing medium enterprises, in affirmation of its efforts to support the development of this sector and provide comprehensive financial solutions.
In the area of growth and excellence, Alinma Bank was honored as the top bank in growth in financing micro, small, and medium enterprises, for its effective strategies in enabling startups and supporting their sustainable growth.
At the level of finance companies, Abdul Latif Jameel United Finance Company stood out as the top finance company in financing micro and small enterprises, for the innovative financing services it offers in support of small project owners, while Tamweel Aloula was honored as the top finance company in growth in financing micro, small, and medium enterprises, reflecting its effective role in developing the entrepreneurship environment in the Kingdom.