Saudi entities ink SAR 7.6B deals on Day 3 of Biban 2025

Saudi Arabia’s Biban 2025 Forum witnessed the signing of 11 agreements and memorandums of understanding (MoUs) and the launch of seven new programs on Day 3, with a combined value exceeding SAR 7.6 billion. The deals are aimed at boosting entrepreneurship and the small and medium-sized enterprise (SME) sector.

According to the state-owned SPA, Small & Medium Enterprises General Authority (Monsha'at) signed key financing agreements, including a SAR 4 billion partnership with Tarmeez Capital to fund entrepreneurs and SMEs, and a SAR 3 billion agreement with Al-Tayseer Finance. Monsha’at also inked a SAR 600 million deal with Alpha Arabia Finance Co. under joint financing programs designed to strengthen growth and sustainability for micro, small, and medium enterprises.

The new agreements included partnerships across multiple sectors, from crafts and academia to technology and development finance. Monsha’at signed an agreement with the Crafts Association to organize three training camps aimed at improving artisans’ access to raw materials and enhancing their skills. It also partnered with the Ektfa to promote social entrepreneurship under the “My Project 3” initiative, and with Golf Saudi to enable micro and small enterprises and artisans to participate in sports and entertainment events. In addition, Jahez joined the “Your Project is Ready” initiative to help entrepreneurs enter e-commerce with technical and training support.

On the academic level, Monsha’at signed cooperation agreements with Prince Sattam bin Abdulaziz University and the Arab Open University to promote entrepreneurship awareness through workshops and training programs. It also partnered with King Salman Science Oasis to stimulate innovation and investment in technology and entrepreneurship.

On the development finance front, the Sulaiman Al Rajhi Foundation for Development Finance, in collaboration with the General Authority of Awqaf (GAA), announced a financing product for Jana Fund beneficiaries — offering loans of SAR 60,000 to SAR 200,000 to support productive families in line with project size and nature.

Meanwhile, the Saudi Finance Co. unveiled a new tax return financing program offering up to SAR 750,000 in quick digital operating loans to ease financial pressures on micro, small, and medium enterprises. A specialized hackathon for the cultural sector was also launched during the forum.