Appointment of the Board of Directors of the SME Bank

Monday, 20 November, Riyadh

 

 The Board of Directors of the National Development Fund issued a decision appointing the Board of Directors of the SME Bank, headed by His Excellency Mr. Yousef bin Abdullah Al-Benyan, and the membership of: His Excellency Dr. Ghassan bin Abdulrahman Al-Shibl, His Excellency Eng. Ziad bin Mohammed Al-Shiha, His Excellency Eng. Mutlaq bin Hamad Al-Muraishid, Her Excellency Ms. Rania bint Mahmoud Nashar, and His Excellency Mr. Abdulelah bin Mohammed Al-Nimr.

The SME Bank was established by a decision of the Council of Ministers on February 16, 2021, and its regulations were issued on November 2. It is one of the development banks and funds affiliated with the National Development Fund. The SME Bank aims to increase the total loan portfolio of the financial sector, bridge the financing gap, enhance the contribution of financial institutions in providing innovative financing solutions, and support financial stability for SMEs sector.