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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq A-Awsat

Saudi Arabia: Al-Bunyan Appointed Chairman of Board of Directors of SME Bank

Board of Directors NDF Mohammed bin Salman bin Abdulaziz Al Saud
Chairman of the Board of Directors of the Small and Medium Enterprises Bank (SME Bank) Youssef Al-Bunyan. SPA

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of the National Development Fund (NDF), issued a decision appointing Youssef bin Abdullah Al-Bunyan as Chairman of the Board of Directors of the Small and Medium Enterprises Bank (SME Bank).

Al-Bunyan thanked the Crown Prince for his trust and valued his support for small and medium enterprises.

The SME Bank was established in 2021 as one of the development funds and banks affiliated with the NDF, which aims to increase the Gross Loan Portfolio for the financial sector, bridge the financing gap, enhance the contribution of financial institutions in providing innovative financing solutions, and achieve financial stability for this important sector.

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