Youssef Al-Benyan, Minister of Training, Chairman of the Board of Administrators of the Small and Medium Enterprises Financial institution
The Crown Prince, Prime Minister and Chairman of the Board of Administrators of the Nationwide Improvement Fund, Prince Mohammed bin Salman bin Abdulaziz, permitted the renewal of the membership of Yousef bin Abdullah Al-Benyan as Chairman of the Board of Administrators of the Small and Medium Enterprises Financial institution for a interval of three years, ranging from December 5, 2025.
Al-Benyan confirmed – in accordance with the Saudi Press Company – that the management’s curiosity within the small and medium enterprises sector was the primary catalyst behind the growth of the sector and the rise within the worth of the monetary amenities supplied to it through the previous years.
He added that the financial institution’s Board of Administrators will proceed its efforts to stimulate the expansion of small and medium enterprises and improve their contribution to the gross home product to realize monetary sustainability and assist the Kingdom’s financial progress.
Based on the information out there in numbersThe financial institution was established by a choice of the Council of Ministers on February 16, 2021, and is taken into account one of many improvement funds and banks affiliated with the Nationwide Improvement Fund. It goals to extend the overall mortgage portfolio for the monetary sector, bridge the financing hole, and improve the contribution of monetary establishments in offering revolutionary financing options and attaining monetary stability for this essential important sector, to be a primary pillar of financial improvement within the Kingdom, and a attainable To attain Imaginative and prescient 2030.
Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud had issued a choice in February 2023, appointing Yousef bin Abdullah Al-Benyan as Chairman of the Board of Administrators of the Small and Medium Enterprises Financial institution.
