{"id":55067,"date":"2025-03-25T13:49:08","date_gmt":"2025-03-25T10:49:08","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=55067"},"modified":"2026-03-28T07:37:57","modified_gmt":"2026-03-28T04:37:57","slug":"1-7-billion-in-financing-by-the-social-development-bank-in-q1-2025and-activation-of-the-corporate-social-responsibility-portfolio","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/1-7-billion-in-financing-by-the-social-development-bank-in-q1-2025and-activation-of-the-corporate-social-responsibility-portfolio\/","title":{"rendered":"1.7 Billion in Financing by the Social Development Bank in Q1 2025And Activation of the Corporate Social Responsibility Portfolio"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Riyadh \u2013 2<\/strong><strong>5&nbsp;March 2025<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Social Development Bank (SDB) held its regular meeting for the first quarter of the current year, chaired by His Excellency Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development (MHRSD), Chairman of SDB\u2019s Board of Directors, and in the presence of the board members. The meeting reviewed SDB\u2019s performance during the first quarter and discussed several topics that contribute to enhancing SDB\u2019s developmental services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the meeting, SDB presented its efforts in empowering individuals and small and emerging enterprises through sustainable financial solutions. The total financing during the first quarter exceeded SAR 1.7 billion, benefiting more than 20,000 citizens and enterprises. The total financing for entrepreneurs and owners of emerging enterprises amounted to SAR 505 million, benefiting more than 1,800 enterprises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regarding social financing, SDB stated that the total financing during the first quarter reached SAR 504 million, benefiting more than 9,800 citizens through marriage, family support, and home renovation products. The number of beneficiaries from freelance and productive family financing reached 8,500, with total financing exceeding SAR 670 million, achieving a growth rate of 329% compared to the previous quarter of last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As part of promoting a savings culture, approximately 17,000 new savers joined the \u201cZod Savings\u201d program during this quarter, bringing the total number of supported savers since the program\u2019s launch to 250,000 citizens, with total savings exceeding SAR 550 million in their savings accounts. In addition, 18,000 male and female entrepreneurs benefited from empowerment and development services, including capacity building programs, specialized and quality training, as well as access-to-market support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CEO of SDB, Eng. Sultan bin Abdulaziz Al-Hamidi, said: \u201cWe began this year by achieving qualitative accomplishments that serve various segments of society, thanks to the support and care provided by our wise leadership to strengthen the journey of social and economic development in line with the objectives of Vision 2030. These figures reflect our commitment to supporting the national economy, enhancing the financial stability of families, and creating funding opportunities that contribute to sustainable community development.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first quarter also witnessed the launch and activation of the corporate social responsibility portfolio through several business accelerators in partnership with Jahez, the Saudi National Bank, and ACWA Power. Additionally, a strategic agreement was signed with the &#8220;Sakan&#8221; foundation as part of the second edition of the \u201cJood Al-Manatiq\u201d campaign, aiming to provide 4,000 housing units for eligible families across the Kingdom, thereby supporting housing empowerment efforts and contributing to raising the home ownership rate among citizens.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SDB also focuses on supporting promising sectors such as e-sports, gaming, and tech entrepreneurship. The value of financing portfolios for these sectors has been increased to more than SAR 1.3 billion, in conjunction with the LEAP 2025 conference held last February. This initiative supports gaming, e-sports, and IT development, under the umbrella of the National Development Fund, in collaboration with both the Saudi Esports Federation and the National Technology Development Program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh \u2013 25&nbsp;March 2025 The Social Development Bank (SDB) held its regular meeting for the first quarter of the current year, chaired by His Excellency Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development (MHRSD), Chairman of SDB\u2019s Board of Directors, and in the presence of the board members. The meeting reviewed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":55068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-55067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Social Development Bank - 1.7B Financing in Q1 2025 | | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Social Development Bank reports 1.7B in financing in Q1 2025 and activates its corporate social responsibility portfolio. 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