Monsha'at inks 25 agreements, MoUs worth SAR 11 bln on first day of Biban 2023

Signing ceremony

Small and Medium Enterprises General Authority (Monsha'at) signed more than 25 agreements and memorandums of understanding (MoUs) worth over SAR 11 billion ($2.9 billion) during the first day of Biban Forum 23.

In addition, some leadership and financing initiatives were launched, Saudi Press Agency reported.

This aims to support entrepreneurship in various fields and enhance the Kingdom’s position as a global center for entrepreneurship and a leading international destination for small and medium-sized enterprises (SMEs).

Monsha'at signed cooperation agreements with Saudi National Bank, Arab National Bank, Saudi British Bank, Alinma Bank, Bank Albilad, in addition to some other companies, to provide financing programs and products to SMEs. The authority also renewed agreements with Al Rajhi Bank, Banque Saudi Fransi and Riyad Bank.

It also concluded an agreement with the Ministry of Energy to enable the expansion of fuel stations. In addition, an agreement was signed with the Diriyah Gate Development Authority to contribute to the development of distinctive projects and innovations.