ANB and Cultural Development Fund Sign Cooperation Agreement to Empower Cultural MSMEs – Fintech News Saudi Arabia

Riyadh, Saudi Arabia – August 21, 2024: Arab National Bank (ANB) has signed a strategic cooperation agreement with the Cultural Development Fund (الصندوق الثقافي) to provide tailored financing solutions for micro, small, and medium-sized enterprises (MSMEs) within the cultural sector. This collaboration aims to empower and support the growth of cultural enterprises across Saudi Arabia by facilitating access to essential financial resources.

The agreement aligns with Saudi Arabia’s Vision 2030 objectives, which emphasize the importance of nurturing the cultural sector as a vital contributor to the national economy. Through this partnership, ANB and the Cultural Development Fund are committed to fostering innovation and creativity, enabling cultural MSMEs to thrive and make a lasting impact on the cultural landscape of the Kingdom.

This cooperation agreement marks a significant step toward achieving sustainable growth and development within the cultural industry, providing cultural entrepreneurs with the necessary financial tools to expand their operations and realize their creative potential.

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