2021 Q1 Report En · Page 9

 
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Riyad Bank and Monshaat Signed a Cooperation 
Agreement to Launch Franchise Financing Program 
Under the joint efforts to support the SMEs owners 
according with Saudi Vision 2030, Riyad bank signed a 
cooperation agreement with the General Authority for 
Small and Medium Enterprises “Monshaat” to launch a 
franchise financing program، in the presence of CEO of 
Riyad bank Mister Tareq Abdulrahman Al-Sadhan and the 
governor of the general authority for small and medium 
enterprises engineer Saleh Ibrahim Al-Rasheed, and 
number of officials from both parties. 
The program provides many products such as medium-
term finance product to financing franchises and short-
term product to finance franchising operations. 
The amount of financing reached 3,000,000 SAR for 
micro, small enterprises and 5,000,000 SAR for medium 
enterprises, with pay plan up to five years and 
competitive profit margin. 
In addition, Riyad bank provides unique services for SMEs 
for example, digital, point of sale, and salary services, 
these contributions are supporting the enterprises owners 
in order to upgrade their enterprises activities, raise the 
production efficiency, and push their competitiveness 
towards an added value the local economy. 
Alinma Bank Signs “Franchise Financing” Agreement 
with Monsha'at 
In line with its ongoing commitment to support the micro, 
small, and medium sized enterprise (MSME) sector, 
Alinma Bank has signed a cooperation agreement with the 
General Authority for Small and Medium Enterprises 
(Monsha'at), 
to 
provide 
appropriate 
financing 
to 
qualifying businesses.  Through the agreement, MSMEs 
will have access to Alinma’s new “Franchise Financing” 
product, which can be conveniently requested through 
the Monsha’at financing portal, where applicants also 
have access to numerous other financing options. 
Speaking about the agreement, Alinma Bank CEO, H.E. 
Mr. Abdullah Al-Khalifa, affirmed Alinma’s desire to 
actively participate in Monsha'at’s efforts on behalf of 
MSMEs, and stressed that the bank’s latest agreement 
with Monsha’at was a continuation of the long-standing 
cooperative relationship between the two organizations, 
which has included two previous agreements. 
Al-Khalifa also noted that the Franchise Financing 
agreement was in line with the kingdom’s Vision 2030 
objectives related to increasing growth of the SME sector, 
and the economy in general.  He additionally pointed to 
the importance of franchising as a tool for economic 
growth, and as a mechanism to encourage youth to 
engage in entrepreneurship. 
HE Al-Jadaan: Issuing Debt Instruments with Negative 
Returns on Largest Tranche Issued Outside European 
Union Proves Saudi Arabia's Economic and Financial 
Powers 
The National Debt Management Center has announced 
the receipt of subscriptions from investors for its second 
international issuance under the Kingdom of Saudi 
Arabia's Global Note Program in Euro, during which the 
issuance was more than 3 times oversubscribed with total 
orders amounting to more than 5 billion Euro. 
His Excellency the Minister of Finance, Mr. Mohammed Al-
Jadaan, said that the euro-denominated issuance comes 
within the framework of the Center’s efforts to secure
the Kingdom’s financing needs in accordance with the 
objectives of the fiscal policy and the public debt 
strategy. He pointed out that the center took advantage 
of the opportunity to enter the Euro market, the second 
largest after the U.S. Dollar