The Biban Forum kicked off with strong momentum, attracting over SAR 22 bn in agreements during its opening day, state news agency SPA reported yesterday. The event, which wraps up later today, saw more than 30 agreements, initiatives, and MoUs signed to bolster access to finance and accelerate SME growth, according to a post on X.

The agreements included:

  • SAR 5 bn agreement with Riyad Bank to activate a joint financing program offering a range of tailored solutions for MSMEs;
  • An MoU with Saudi National Bank (SNB) to foster collaboration in offering innovative entrepreneurship financing. SNB also launched a SAR 5 bn financing portfolio dedicated to SME support.
  • SAR 4 bn partnership with Al Rajhi Bank to provide SME financing and expand innovative funding instruments;
  • SAR 2.25 bn agreement with SME Bank and Al-Baraka Group to support entrepreneurs and launch financing products;
  • SAR 2.9 bn financing portfolio from Bank Albilad targeting entrepreneurs and small businesses, alongside an additional SAR 200 mn fund under the Tumooh program for high-growth enterprises.
  • SAR 2 bn agreement with Arab National Bank to back SMEs expansion plans;
  • SAR 1 bn agreement with Alinma Bank to improve financing accessibility and operational efficiency;
  • SAR 1 bn agreement with Bank Al Jazira introducing financing programs that target working capital needs and contractors;
  • SAR 700 mn agreement with Banque Saudi Fransi to support SME growth and financial empowerment initiatives;
  • SAR 700 mn agreement with Riyad Bank to support high-growth enterprises;
  • SAR 300 mn investment fund with Tharwa Company;
  • SAR 220 mn agreement with SME Bank and Diriyah Company to finance SMEs;

ALSO- Monsha’at signed an MoU with Japan External Trade Organization (JETRO) to support Saudi and Japanese SMEs. Further agreements were signed with international bodies including Korea’s KOSME, Startup India, Business France, and LinkedIn.

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