Riyadh: Minister of Commerce and Chairman of the Board of the Small and Medium Enterprises General Authority (Monsha'at) Majid Al-Kassabi honored the leading financial institutions supporting micro, small, and medium enterprises in 2024 at the conclusion of the Biban Forum 2025, held under the theme 'Global Destination for Opportunities.'
According to Saudi Press Agency, the honors aim to encourage lending institutions to increase financing for enterprises, thereby supporting the growth of the financial ecosystem for micro, small, and medium enterprises.
Riyad Bank was recognized as the top financer of medium-sized enterprises in terms of financing value for 2024, in appreciation of its support for this vital sector. The Saudi National Bank was honored as the leading financer of small and micro enterprises by financing value, acknowledging its efforts to support the sector's development and provide comprehensive financial solutions.
Additionally, Alawwal Bank was recognized as the fastest-growing bank in financing micro, small, and medium enterprises based on financing value.
In the category of top and fastest-growing companies in financing micro, small, and medium enterprises, Abdul Latif Jameel United Finance was honored for providing innovative financial services that support small business owners.