SDB eyes engaging commercial banks in new financing product offerings

07/07/2025 Argaam
Logo ofThe Social Development Bank

Logo of The Social Development Bank

Saudi Arabia’s Social Development Bank (SDB) plans to engage commercial banks in the roll-out of new financial products in the coming period, in a bid to ramp up loan portfolios, Al-Eqtisadiah newspaper reported.

 

Muayad Al-Bishi, Executive Vice President for Strategy and Innovation, said SDB is also working to attract capital from banks, corporates, and major private-sector entities to be channeled in service of the beneficiaries.

 

SDB, according to the executive, has so far succeeded in securing SAR 400 million, aiming to reach SAR 1 billion over the next three years, he added.

 

Al-Bishi also indicated that the bank’s financing loans currently range between SAR 8-10 billion out of the about SAR 61 billion in annual financing provided by government funds.

 

According to Argaam’s  data, SDB’s total financing reached SAR 4.3 billion during the first half of 2025, benefiting more than 43,000 citizens from various regions across the Kingdom.

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