Riyadh - Exclusive Sharikat Mubasher: Bank AlJazira, one of the leading Shariah-compliant financial institutions in Saudi Arabia, signed an agreement with the Small and Medium Enterprise Bank (SME Bank) during Biban 2024 to support and finance micro, small, and medium-sized enterprises (MSMEs), MSME Support and Control Manager Abdullah Al-Jarba stated in an interview with Sharikat Mubasher.

He clarified that the bank participated in Biban 2024 to showcase its diverse financing solutions provided to MSMEs such as Invoice Financing, Point-of-sale (POS) Financing, and Working Capital Finance.

Al-Jarba emphasized Bank AlJazira’s commitment to fostering MSMEs in Saudi Arabia by providing them with the finance they need to grow their projects.

Biban 2024, organized by the Small and Medium Enterprises General Authority (Monsha’at), takes place in Riyadh from 5 to 9 November, with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.

It targets creating a stimulating environment, raising administrative, financial, and technical competencies, and motivating the owners of ideas to launch their projects by allowing them to meet with local and global experts and share knowledge with key decision-makers and investors.

Throughout five days, Biban 2024 is expected to provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.