Advertisement
 
  Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Bank finance to Kafala-backed SMEs up 28%  Join our daily free Newsletter

MENAFN - Arab News - 06/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) The volume of finance provided by saudi banks to kafala-supported small and medium enterprises (smes) grew by 28 percent to sr 571.8m in the first quarter of 2014 compared to sr 448.3m in the same period last year saudi press agency reported.

the kafala program meanwhile issued 652 guarantees for sme projects in q1 compared to 488 guarantees in the same period last year an increase of 34 percent the agency quoted an statement released by kafala.

the value of those guarantees stood at sr 311.6 million compared to sr256.7 million in q1 2013 or an increase of 21 percent the statement said.

the national commercial bank (ncb) ranked top supporter to the kafala proam during the first quarter of the year at 36 percent of the total guarantees followed by riyad bank (22 percent) rajhi bank (17 percent) saudi hollandi bank and samba financial group (5 percent for each) whereas the remaining 15 percent of finance went to other banks according to the statement.



kafala program was created by the ministry of finance represented by the saudi industrial development fund (sidf) and saudi banks.

the program aims to promote financing to the sme sector in the kingdom.

through the program the banks offer finance to customers up to sr2 million whereas kafala program will issue guarantees to the bank covering up to 80 percent of the required financing.


 


Arab News




  MENA News Headlines
 Feb 20 2017 - DISTREE Middle East moves to Dubai for 2017 regional consumer tech retail channel eventMENAFN Press
(MENAFN Editorial) It was a logical decision to add some of Africa's top retailers to our channel audience.— Christophe Painvin, Event Director for DISTREE Middle EastANTONY, PARIS, FRANCE, ...

 Feb 20 2017 - Global Ophthalmic Lens Market Share, Size, Outlook and Forecast by 2021 - Orbis ResearchMENAFN Press
(MENAFN Editorial) OrbisResearch.com has published new research report on "Global Ophthalmic Lens Market Opportunities and Forecasts (2016-2021)" to its database. DALLAS, TEXAS, U.S.A., ...

 Feb 20 2017 - Ultra-Portable Internet Devices Global Market Segmentation and Major Players Analysis and Forecast to 2020MENAFN Press
(MENAFN Editorial) Ultra-Portable Internet Devices Market 2017 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2020 PUNE, INDIA, February 15, 2017 ...

 Feb 20 2017 - Electromagnetic Flowmeters Global Market Segmentation and Major Players Analysis and Forecast to 2020MENAFN Press
(MENAFN Editorial) Electromagnetic Flowmeters Market 2017 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2020 PUNE, INDIA, February 15, 2017 /EINPresswire.com/ ...

 Feb 20 2017 - Global Medical Gas Pressure Regulators Market Share, Applications ,Type Research Report Forecast to 2022MENAFN Press
(MENAFN Editorial) This report categorizes the market based on manufacturers, regions, type and application. PUNE, INDIA, February 15, 2017 /EINPresswire.com/ -- Global Medical Gas Pressure ...

 Feb 20 2017 - X-Ray Security Scanner Global Market Segmentation and Major Players Analysis and Forecast to 2020MENAFN Press
(MENAFN Editorial) X-Ray Security Scanner Market 2017 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2020 PUNE, INDIA, February 15, 2017 /EINPresswire.com/ -- ...

 Feb 20 2017 - Global Food Dehydrators Market Segment by Manufacturers, Applications, Type And Forecast To 2022MENAFN Press
(MENAFN Editorial) A food dehydrator refers to a device that removes moisture from food to aid in its preservation. PUNE, INDIA, February 15, 2017 /EINPresswire.com/ -- Global Food Dehydrators ...

 Feb 20 2017 - LNG from Mozambique Market 2017 Share, Trend, Segmentation and Forecast to 2020MENAFN Press
(MENAFN Editorial) LNG from Mozambique Consumption, Demand, Sales, Competitor and Forecast 2017 – 2022 PUNE, INDIA, February 13, 2017 /EINPresswire.com/ -- Summary In Q4 2016, the biggest LNG ...

 Feb 20 2017 - Automotive Rain Sensor Market to Grow at a 6.23% CAGR Forecast to 2020MENAFN Press
(MENAFN Editorial) Automotive Rain Sensor Market 2017 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2020 PUNE, INDIA, February 14, 2017 /EINPresswire.com/ -- ...

 Feb 20 2017 - Kitchen Appliances Products Israel Market Segmentation and Major Players Analysis and Forecast to 2020MENAFN Press
(MENAFN Editorial) Kitchen Appliances Products Market 2017 Israel Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2020 PUNE, INDIA, February 14, 2017 /EINPresswire.com/ ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help