The Social Development Bank (SDB) has announced the launch of its enhanced identity for the Jusoor platform, accompanied by an expansion of its financing services tailored for companies and entities in the private sector listed on the Saudi stock market. This transformative initiative facilitates services for businesses seeking financing through SDB.
Aligned with SDB’s digital transformation strategy and its commitment to bolstering contributions to the Kingdom’s economic growth and the national transformation envisioned in Saudi Vision 2030, this step by the Social Development Bank (SDB) aims to empower a larger segment of the target beneficiaries to access concessional financing programs and address one of the challenges faced by staff in this sector when seeking funding. It provides a positive environment for all those working in it and expands the implementation of the comprehensive development agenda for the sector to support economic growth.
In this context, the Jusoor platform aims to provide financial services and features that facilitate financing and support requests for employees of targeted companies and establishments. It aims to become a platform that encompasses all three sectors in the Kingdom of Saudi Arabia. Through its programs, it seeks to enhance economic productivity by offering products, solutions, and enhanced financial alternatives supported by complementary services that align with the needs of the targeted sectors.
This step marks a significant evolution in the SDB’s responsibilities, as it bridges the gap between the SDB and the three sectors through an innovative platform that provides financial solutions tailored to their needs. SDB offers opportunities for growth and diversification in the delivery of financial and non-financial programs and products, reflecting its impact on society and the job market and becoming a significant economic catalyst.
SDB has allocated a financing volume of SAR 24 billion for entrepreneurs, small and emerging businesses, and self-employed individuals over the next three years. In this step, products and programs will be provided to empower entrepreneurs to conduct their businesses, contribute to the national economy, and create a vibrant and productive society.
Source: Saudi Press Agency
