Saudi Credit Bank inks deal to support 16 entrepreneurial projects

June 1, 2014 12:28 am

The Saudi Credit and Savings Bank has signed an agreement with Centenary Fund to approve 16 projects worth SR3m, as part of a strategic partnership between the two financing and employment supporting agencies, Arab News has reported. Under the terms of the deal, the credit bank will be the principal financier for the projects, which are the first series of projects for those who completed the ‘How will you establish your project’ programme. Loans will be provided to those who completed 60 hours of the programme of training on the technical, financial and marketing aspects of launching a small establishment.