The Biban 24 forum, organized by the Small and Medium Enterprises General Authority ("Monsha'at"), saw a major leap on its fourth day, with the signing of 16 cooperation agreements and the launch of projects and initiatives worth a combined total of around 10.7 billion riyals. This comes as part of efforts to support entrepreneurship and empower small and medium enterprises in the Kingdom, in line with Vision 2030's goals.

Key Day-Four Agreements Financing Entrepreneurs

Monsha'at signed multiple agreements to boost financing and facilitate access for entrepreneurs, most notably a partnership with the "Ta'ameed" platform to offer competitively priced financing products, alongside dedicated financial portfolios to support enterprises, including a 3.1-billion-riyal portfolio with Al-Yusr Arabia, another worth 2 billion riyals with Lendo, and 1 billion riyals with Tarmeez Capital. The agreements also included a 200-million-riyal portfolio in cooperation with Alpha Arabia, and another worth 69 million riyals with Osoul Modern, in addition to other financial portfolios with various companies to support different sectors.

Programs Supporting the Entrepreneurship Ecosystem

Day four also saw new agreements signed between the Entrepreneurship Vision Association and a number of partners such as "Business Development Mine," "Beit Al-Munshaat" and Blossom, aiming to provide comprehensive programs and services to support and develop entrepreneurs across the Kingdom. Saudi National Bank also announced the opening of 15 new branches dedicated to supporting small and medium enterprises, while Arab National Bank launched the "anb Digital" platform to facilitate online financing operations.

Launch of "Al-Ahsa Angel Investors Network" Initiative to Support Startups

Among the notable achievements of day four, the Al-Ahsa Chamber launched the "Al-Ahsa Angel Investors Network" initiative, which aims to boost startup investment by connecting them with a network of angel investors, opening the door to new financing opportunities that support the growth of promising ventures.