Curated News
By: NewsRamp Editorial Staff
August 15, 2024
Strategic Collaboration to Boost Investment in Saudi SMEs
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- Investors can achieve targeted returns with half the risk, making it more attractive for those supporting Saudi SMEs.
- The Kafala Program will guarantee up to 50% of the capital invested in select Saudi SME investment opportunities.
- This partnership aims to drive economic prosperity by empowering small businesses to thrive in Saudi Arabia.
- Funding Souq's strategic collaboration with Kafala Program will accelerate credit decisions using the latest technologies and electronic linkages.
Impact - Why it Matters
This news matters as it aims to drive economic prosperity by empowering small businesses to thrive in Saudi Arabia, ultimately impacting the broader Gulf region. It provides a way for investors to support SMEs with reduced risk, which can contribute to the overall growth and prosperity of the region's economy.
Summary
A strategic collaboration has been formed to bolster investment in Saudi Arabia's small and medium businesses (SMEs) by providing a risk-mitigating guarantee mechanism. The Kafala Program will guarantee up to 50% of the capital invested by Funding Souq's investors in select investment opportunities, reducing the risk for investors and making it an attractive proposition for supporting the growth of Saudi SMEs.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Strategic Collaboration to Boost Investment in Saudi SMEs
