The "Kafalah" program continues its distinguished role in supporting small and medium enterprises in
the Kingdom of Saudi Arabia. This program plays a crucial part in serving and developing businesses, expanding
the beneficiary base, and creating new job opportunities that contribute to reducing unemployment rates in the
Kingdom. Aljazira Bank was one of the first banks to sign a partnership agreement with the "Kafalah"
program, aiming to encourage small and medium enterprises that possess the potential for success but lack the
necessary guarantees or accounting records to secure financing.
Program Objectives
- Assist SMEs in obtaining necessary financing for development and expansion.
- Encourage financial institutions to engage with the SME sector.
- Attract new SME owners who have not previously interacted with financiers.
- Enhance the development of the SMEs sector to fulfill its vital role in the national economy.
- Contribute to the creation of new job opportunities.
- Promote economic development in provinces that are least active economically.