The Small and Medium Enterprises General Authority “Monsha’at” signed 8 banking and financing agreements with several national banks on the first day of the Biban 2025 forum, launched in the capital, Riyadh, under the theme A Global Destination for Opportunities, with the aim of supporting SMEs and enabling entrepreneurs to access flexible and innovative financing solutions.

Monsha’at signed an agreement with Riyad Bank worth SAR 5 billion to activate the co-financing program and provide a variety of solutions for micro, small, and medium enterprises, and concluded an agreement with Al Rajhi Bank to provide a SAR 4 billion financing portfolio to support entrepreneurial enterprises and expand the range of innovative financing products.

An agreement worth SAR 2 billion was signed with Arab National Bank (anb), aimed at enabling enterprises to expand and strengthening their contribution to the national economy.

In the same context, a cooperation agreement was signed with Alinma Bank for a SAR 1 billion financing portfolio focused on facilitating access to financing and raising the efficiency of enterprises, and another with Bank AlJazira worth SAR 1 billion covering multiple financing programs, most notably working capital financing and contractor financing.

Monsha’at concluded an agreement worth SAR 700 million with Banque Saudi Fransi (BSF) to support the growth of enterprises and achieve the objectives of financial and economic enablement.

Monsha’at signed a memorandum of understanding with the Saudi National Bank (SNB) to strengthen cooperation in providing innovative financing solutions that support entrepreneurship and expand financing opportunities. SNB also launched a SAR 5 billion financing portfolio to support SMEs during its participation in the Biban 2025 forum, with the aim of providing flexible financing solutions that strengthen the growth and sustainability of projects.

Bank Albilad launched a SAR 2.9 billion financing portfolio targeting support for entrepreneurs and SMEs, and Bank Albilad also launched a SAR 200 million financing portfolio to support fast-growing enterprises under the Tomoh Program.

These understandings were crowned with an agreement between Monsha’at and Riyad Bank, announced at the forum, to consolidate joint cooperation in supporting high-growth enterprises and expanding strategic partnerships.

These agreements reflect Monsha’at’s commitment to strengthening a competitive financing environment and enabling SMEs to play an active role in economic development, in line with Saudi Vision 2030, which aims to raise the sector’s contribution to GDP.