Mr.
Ahmed Bin Sulaiman Al-Rajhi
Chairman of the Board
Who are we?
The Bank considers social development to be an important pillar of development in empowering citizens through the provision of accessible financing products and programmes to contribute effectively and influentially.
Building, development and boosting the national economy, and since its inception, the Bank for Social Development has witnessed fundamental developments that it has developed today as one of the most important development institutions.
Which plays an active and influential role in the process of social and economic development within the components of the dear country, in the belief of rational leadership in the importance of the roles that have been played by
Provides it in the area of affordable development finance programmes for the children of this country, on the one hand, and supports small and emerging enterprises as an important contributor to building the economy of the Kingdom on the other.
Start
In 1971, the Bank began a royal decision under the title " Sponsorship Bank " with capital of 5 million rials for social loans, then it was awarded professional loans in 1983, with its capital being raised to 1 billion rials in 1993, with the support programme of the Custodian of the Two Holy Mosques for the financing of cabs in 2001, and capital increased to 6 billion rials in 2006 and in 2007 with the change of the title of the Sarbeks and Sarbah and Sarbah and Saring Support for Sar.
Creation and incorporation
The royal decision to establish the bank was made under the name of the Bank of Telephone and with capital.
5 million rials for social loans.
Vision
Be lead in empowering social development instruments and promoting financial autonomy for individuals and families towards a vital and productive society.
Mission
Provide financial and non-financial services and targeted and effective savings programmes supported by qualified human personnel to contribute to social development, build partnerships, raise financial awareness and promote a culture of self-employment for all segments of society.
Bank for Social Development values
We win clients
We achieve the goals of our clients by predicting their needs and understanding their aspirations to deliver the appropriate services and solutions with high efficiency.
We can grow
We create growth opportunities for all our colleagues by empowering them and providing encouragement, guidance and sustained support.
We show responsibility
We embrace the responsibility of all our tasks and commit ourselves quickly to our work to achieve sustained development and build a highly functioning culture.
Innovation money
We think boldly and openly and adopt bold ideas and innovative ways to contribute to sustained growth.
Building partnerships
We are integrated by building diverse partnerships at the level of ideas and efforts to achieve common gains that contribute to building a vital and productive society
Objectives
I
Non-financial funding and services are provided to microenterprises to encourage their employers to engage in business and occupation themselves and to their own account. The Bank defines the classification of such projects, the ceiling on their capital and the number of their employees.
II
Provision of interest-free loans and non-financial services to community associations and institutions to enable them to contribute to the provision of services to banks targeted at the Bank.
III
Provide social funding without benefits to low-income citizens to help them overcome their financial difficulties.
IV
Non-profit loans to small and emerging enterprises to help raise their contribution to the national economy and create employment.
V
Provision of substantive and administrative support services to the Bank ' s client facilities to increase their efficiency and chances of success.
VI
Encouraging the private sector to engage in social responsibility by the Bank ' s private portfolio administration and directing it to its beneficiaries in order to achieve social development goals.
VII
Promote savings and savings for individuals and institutions in the Kingdom and find tools and programmes to that end.
VIII
Micro-enterprise sector development and sponsorship to enhance their role in economic and social development.
I know more about the bank
Building partnerships
We are integrated by building diverse partnerships at the level of ideas and efforts to achieve common gains that contribute to building a vital and productive society
Bank administration
Show everyone
Mr.
Sultan Bin Abdulaziz Al-Hamidi
Executive Chairman
Mr.
Nabil Bin Daoud Al-Hushan
A competent and experienced board member
Last Modified Date 27/04/2026 - 9:32 AM Saudi Time
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