Signing a cooperation agreement with the Kafalah Program


With Allah’s help, on Sunday 20 November, a cooperation agreement was signed between the Small and Medium Enterprises Financing Guarantee Program “Kafalah” and Osoul Modern Finance Co., at the premises of the Program, in the presence of the Managing Director of the Board of Directors of Osoul, Mr. Saeed Baghlaf, and the Director General of the Kafalah Program, Mr. Homam Hashem.

We seek to launch the most important initiatives and effective benefits aimed at developing the small and medium enterprises sector in line with the aspirations and requirements of the Vision 2030. As reported by the “Saudi Press Agency,” the Director-General of the Kafala Program, Mr. Homam Hashem, said that such new cooperation reflects the Program’s vision to activate cooperation with finance companies in the SME Sector for supporting, enhancing, and stabilizing this sector by achieving high rates of finance. He explained that the Program is keen to build and develop partnerships with banks and finance companies, which would contribute to financing a larger segment of SME owners