Bab Rizq Jameel Microfinance offers loans to help Saudis

Updated 10 July 2018
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Bab Rizq Jameel Microfinance offers loans to help Saudis

Bab Rizq Jameel, part of Community Jameel, has expanded its support to entrepreneurs, small- and medium-sized enterprises (SMEs) and productive families in Saudi Arabia with the establishment of Bab Rizq Jameel Microfinance to offer Shariah-compliant loans with easy payment plans for young Saudi men and women. 

The first company licensed by the Saudi Arabian Monetary Authority (SAMA) for microfinance activities in Saudi Arabia, Bab Rizq Jameel Microfinance is providing financing through its branches across Saudi Arabia or via its online e-portal for SMEs and beneficiaries from its productive families and home-based work programs. 

Customers can choose from a wide range of microfinance products, including productive family finance (exclusively for women), home business finance (to support home-based projects) and other products for small businesses and entrepreneurs. The company offers flexible and affordable payment plans with easy monthly installments. 

Nadin Abdullah, general manager of Bab Rizq Jameel Microfinance, said: “Today, Bab Rizq Jameel introduces new and expanded facilities to serve its customers through its diversified programs and its branches across Saudi Arabia. These efforts are aimed at creating job opportunities that contribute to social and economic development, help reduce unemployment and improve living conditions by providing the necessary financing to grow existing SMEs and encourage new startups. Bab Rizq Jameel Microfinance aspires to be a partner in building Saudi Arabia and achieving Vision 2030.”

Since 2003, Bab Rizq Jameel has supported tens of thousands of entrepreneurs, SMEs and productive families in the Kingdom of Saudi Arabia through the interest-free loans, helped more than 248,000 Saudi women in their work through the productive household support program, and supported over 32,000 small businesses in Saudi Arabia through various initiatives, such as the taxi ownership program. The total value of loans exceeded SR2 billion ($533 million). 


Nofa Resort Riyadh: An African jewel in Saudi desert

The African-style resort has 57 luxurious bungalows and villas overlooking Nofa Wildlife Park.
Updated 20 November 2018
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Nofa Resort Riyadh: An African jewel in Saudi desert

Radisson Collection, a premium lifestyle collection of hotel properties in unique locations, has announced the opening of the Nofa Resort Riyadh, a Radisson Collection Hotel. Located just outside of Riyadh, the African-style resort has 57 luxurious bungalows and villas overlooking the Nofa Wildlife Park, and features an equestrian estate as well as a world-class golf course surrounded by sand dunes and mountains.

Tim Cordon, area senior vice president, Middle East, Turkey and Africa, Radisson Hotel Group, said: “We’re thrilled to open our first Radisson Collection Hotel in Saudi Arabia, and our third in the Middle East region. Radisson Collection brings together hotels that aim to offer the exceptional, and Nofa Resort Riyadh, A Radisson Collection Hotel certainly offers guests a once-in-a-lifetime experience as an exclusive retreat with unparalleled leisure facilities. We also believe this is a positive step in raising the awareness of leisure tourism in the Kingdom, where both domestic and international visitors will enjoy a fabulous experience.”

Located 1.5 hours’ drive from Riyadh’s King Khalid International Airport, the Nofa Resort Riyadh, A Radisson Collection Hotel is nestled in a landscape of golden sand dunes and mountains. The resort features 57 secluded luxury villas and bungalows designed in an African style, with premium amenities including a private swimming pool and garden.

The resort overlooks Nofa Wildlife Park, which is home to more than 700 animals — including zebras, sables, giraffes, cheetahs and many other wild animals. Other exciting leisure activities include the equestrian resort that features a show jumping arena, a specialized race track, a polo field and an extensive stable complex.

The 18-hole golf course makes use of the natural desert environment to set a challenge for even the most experienced golfers.

The resort features three on-site restaurants. Tswalu restaurant, with its African-style interiors, serves international cuisine for breakfast, lunch and dinner. The Butcher’s Den provides an upscale culinary experience — featuring grilled specialties, outdoor terrace seating and stunning lake views. The Al Fresco restaurant serves Italian classics (including stone-fired pizzas) for a more relaxed and informal dining experience. For guests seeking more exclusive dining, a tailored private dining service is available for special occasions or business events. 

The resort’s leisure facilities include the Nofa Spa & Health Club, which offers a range of treatments for massages and facials. The resort also has two swimming pools, including a separate pool for kids. 

Gary Ellis, general manager, said: “I’m confident the blend of deluxe accommodation, unique facilities and the service provided by our enthusiastic team will prove to be a compelling reason to visit Nofa Resort Riyadh, A Radisson Collection Hotel. We promise to create unforgettable memories and deliver exceptional experiences in this wonderful place.”