Crown Prince Mohammed bin Salman
Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister, Chairman of the National Development Fund (NDF), appointed today, Feb. 16, Yousef Al Benyan as Chairman of the Small & Medium Enterprises Bank (SME Bank).
SME Bank is one of the development funds and banks affiliated with the NDF.
On Feb. 16, 2021, Saudi Arabia’s Cabinet approved the establishment of a bank for small and medium enterprises. The bank seeks to raise the productivity of the SMEs and increase their contribution to GDP from 20% to 35% by 2030, Argaam reported.
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