Riyadh, June 16, 2019: Al Yusr Leasing & Financing Co. and Small & Medium Enterprises General Authority (SMEA) signed an agreement to join the E-Finance Portal launched by Monshaat (SMEA) to allow entrepreneurs and owners of small and medium enterprises obtain appropriate financing solutions easily through one portal that brings together the funders and the entities that support finance electronically
The agreement was signed by CEO of Al Yusr Leasing and Finance Company Bader Bin Khalaf Al Shammari and Deputy Governor of Monshaat Mr. Mohammed Al Malki in the presence of governor of Small & Medium Enterprises General Authority “Monshaat” Engineer Saleh bin Ibrahim Al Rasheed
The agreement provides the merging of Al Yusr Leasing and Finance Company in the Finance Portal with the aim of presenting its financial statements and services on its account at the portal in a way that allows beneficiaries access the data, services and
financial programs introduced by the Company together with communicating and applying for funding in a direct way
Signing of the agreement comes within the framework of the conference of the financial sector under the patronages of the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz at King Abdul Aziz International Conference Center in Riyadh entitled “Promising Financial Prospects
Monshaat is concerned with creating and managing the Finance Portal accessed through its E-portal, where approved funders present their services, methods of contacts and application forms in the website. This allows beneficiaries choose the funding programs offered and the financers in accordance with the requirements of their activity together with empowering supporters of the finance such as creating cooperation opportunities with both parties
Al Yusr Leasing and Finance Company keeps pace with new developments of the economic and financial activity through set up initiatives and programs to enhance and motivate the private sector together with launching its financial programs compatible with the provisions of the Islamic Sharia and in a way that meets the needs and activities of the small and medium enterprises and requirements of the private sector
Al Yusr Leasing and Finance Company has recently signed two strategic financing agreements with the Social Development Bank in the presence of the Small & Medium Enterprises General Authority (Monshaat) under which the company introduces its financing services in accordance with the Indirect Lending Initiative within the private sector stimulation aimed at boosting the process of lending the small and medium enterprises all over the Kingdom
