Frequently Asked Questions

A. The Small and Medium Enterprises Bank (SME Bank) is a developmental entity concerned with supporting the micro, small and medium enterprises (SMEs) sector and enabling them to access tailored financial solutions, a sector that holds significant importance within economic activity due to its role in job creation and the promotion of innovation. The focus on SMEs sector aligns with the objectives of Saudi Vision 2030, which aims to increase the contribution of SMEs to the Kingdom of Saudi Arabia’s Gross Domestic Product (GDP), recognizing the sector as a fundamental pillar and a key driver in achieving one of the Vision’s main the themes: a thriving economy.

B. The SME Bank was launched as one of the development funds and banks affiliated with the National Development Fund. Its mandate is to enable the SMEs to access appropriate financing by contributing to the expansion of the total loan portfolio within the financial sector, enhancing the participation of financial institutions in delivering innovative financing solutions, and providing both financial and non-financial services to achieve the financial stability of this vital sector. Through these efforts, the SME Bank serves as a cornerstone of economic development in the Kingdom of Saudi Arabia and a key enabler of Vision 2030.

C. The SME Bank operates under a digital business model in delivering its products and services to SMEs across all sectors, without reliance on a traditional branch network. This approach ensures broader outreach across all regions of the Kingdom and the provision of digital and financing solutions that support this vital sector. The Bank also focuses on applying global best practices through collaboration with international and local partners to develop financing products tailored to the diverse needs of SME segments.