The Small and Medium Enterprises General Authority “Monsha’at”, in partnership with ELITE S.p.A., part of the London Stock Exchange Group, launched the Tomoh Elite program, one of the Tomoh programs for strengthening the growth of promising companies.

The program aims to strengthen companies’ growth and prepare them to access a network of advisors, especially as the ELITE program is one of the global programs applied in 27 countries around the world, with more than 650 companies having taken part in it, while the Kingdom of Saudi Arabia is the first to apply it in the Middle East.

The program serves small and medium enterprises and fast-growing companies, and covers 10 main pillars: strategy, innovation and global growth, organizational models and governance, development of financial systems, financing options, business planning, assessing the enterprise’s readiness for listing and simulating an initial public offering, final review, and pitching the project to investors. The program will also connect companies with a network of advisors and investors to grow the enterprise and prepare it for financing or listing on the Nomu Parallel Market.

The launch of the program reflects Monsha’at’s keenness to contribute to achieving the objectives of Saudi Vision 2030 by stimulating SME growth and cooperating with its partners to develop programs that strengthen the ability of the sector’s enterprises to develop and diversify products and reach markets.