Saudi bank deal boon for SMEs

Saudi Hollandi Bank (SHB) has partnered with the International Finance Corporation to support small to medium businesses in the Kingdom of Saudi Arabia. It has entered into an agreement with the IFC (International Finance Corporation), a member of the World Bank, to provide a wide range of services to small and medium-sized enterprises (SMEs) in the Kingdom. The IFC will provide SHB with finance advisory services for small and medium enterprises, according to a report of Arab News. SHB will work with the IFC to study and quantify the Kingdom’s SME business segment and introduce credit policies, processes, products and services that will simplify the banking experience for small to medium businesses