Saudi Arabia to establish bank of SMEs

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(the Gulf News)

Cabinet approves move to bring ‘all financing solutions under one umbrella

Cairo: Saudi Arabia’s Cabinet on Tuesday approved the establishment of a bank of small and medium enterprises, its state news agency reported.

“The SMEs Bank brings together all financing solutions under one umbrella to enable the small and medium enterprises sector to access appropriate financing and achieve stability and growth,” the Ministry of Commerce wrote on Twitter.

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