AJIL Financial Services Company, represented by its Chief Operations Officer, Mr. Naief Arab, and Special Projects Manager, Mr. Saad Kanaan, attended a ceremony hosted by the Kafalah SME Loan Guarantee Program on Wednesday, September 25, 2024, at The Four Seasons Hotel in Riyadh, Kingdom of Saudi Arabia.
Under the esteemed patronage of His Excellency Mr. Yousef Al-Benyan, Minister and Chairman of the Board of Directors of the Small and Medium Enterprises Bank, the event celebrated the remarkable achievements of the Kafalah program and its valued partners. A standout moment of the evening was the announcement that Kafalah has successfully reached a remarkable SR. 100 billion in guaranteed amounts since its inception.
The ceremony aimed to elevate awareness of the essential role that banks and non-banking financial institutions play in supporting small and medium enterprises. Attendees gained insights into the collaborative efforts that have driven the program’s success. The event concluded with “Kafalah” Award for Excellence, recognizing partners who have made significant contributions to the growth and sustainability of SMEs in the Kingdom. This celebration emphasized the commitment to fostering innovation and entrepreneurship, paving the way for a thriving business landscape.
Share this Post