Sme Bank

The Small and Medium Enterprise Bank (SME Bank) was established under the resolution of the Saudi Council of Ministers, No.(376), dated 4/7/1442 AH (corresponding to 16/2/2021). The SME Bank aims to support the Kingdom’s Vision goals to raise the SME sector’s contribution to the GDP to 35% by 2030 and to increase the volume of financing provided to SMEs to 20% of the total loan portfolio. The bank will be an umbrella for all financing solutions, including debt financing, equity financing, and providing loan guarantees on behalf of SMEs. In line with the Kingdom's Vision 2030 to build a digital economy and a digital nation, the bank will provide all services and products in cooperation with its partners through digital channels to facilitate the access of all areas in the Kingdom to these products and services.