Abdul Latif Jameel Finance Signs Cooperation Agreement with the National Industrial Development and Logistics Program

Abdul Latif Jameel Finance, a leading provider of innovative financing solutions and services, has signed a Memorandum of Cooperation (MoC) with the National Industrial Development and Logistics Program (NIDLP) to support and empower entrepreneurs in Saudi Arabia, in line with the Kingdom's Vision 2030 to drive its  GDP growth and boost the national economy.

Under the agreement, Abdul Latif Jameel Finance along with NIDLP, will continue to support entrepreneurs to launch and grow their businesses and pursue their ambitions.

In recognition of its efforts in promoting entrepreneurship since its establishment, Abdul Latif Jameel Finance was distinguished as the “Leading Non-Bank Financial Institution for Micro and Small Enterprise Funding in 2023” by the Small and Medium Enterprises General Authority (Monsha'at), in collaboration with the Small and Medium En​​terprises Loan Guarantee Program (Kafalah​).

In 2022, NIDLP launched the "1K Mile" Entrepreneurship Program to promote and train entrepreneurs and contribute to the ambitious goals of Vision 2030. The initiative also seeks to provide a host of incentives that support investment opportunities in the industrial, mining and logistics sectors.