Saudi Minister of Finance Dr. Ibrahim Al-Assaf has honored Bank AlJazira for sponsoring the Saudi International Forum for Small and Medium-Sized Enterprises, which was held in the Four Seasons Hotel in Riyadh, in the presence of Dr. Tawfiq Al Rabiah, Minister of Commerce. Nabil Alhoshan, AlJazira CEO, extended gratitude to the Minister of Finance for his constant support. Alhoshan also said the sponsorship reflects the bank's keenness in supporting and developing the SME sector, in light of the directives of the Saudi leadership with regard to achieving economic and social sustainable development. “Since the SME sector constitutes one of the main pillars of the sought-after economic development, Bank AlJazira is keen on offering support to these promising investments which; according to the latest statistical data, represent 93 percent of the projects in KSA. Thus, our bank has implemented a strategy to cover the financing needs of SME's, and is designing innovative programs, like Kafala, that are tailored to their specific requirements in accordance with the best banking and financing practices,” Alhoshan added. — SG
