Social Development Bank

Social Development Bank was established by Royal Decree No. (M / 34) issued on 01/06/1427 AH and aims to provide concessional development financing programs for citizens in addition to supporting small and emerging projects.

Vision

To be pioneers in empowering social development tools and enhancing the financial independence of individuals and families towards a vital and productive society.

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Mission

To be pioneers in empowering social development tools and enhancing the financial independence of individuals and families towards a vital and productive society​​​.

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About the Bank

The Social Development Bank aims to provide financing and non-financial services to micro-enterprises, associations, and civil society organizations, and loans for startups, in addition to providing social financing for low-income earners. Moreover, the bank also provides technical and administrative services, and encourages savings for individuals and institutions in the Kingdom.

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Other development funds and banks

Cultural Development Fund