SABB supports startups with forum sponsorship

The Saudi British Bank (SABB) has contributed to supporting the activities and events of the Saudi Startup Forum, recently organized by Monsha’at in Dhahran.
Updated 02 December 2019

SABB supports startups with forum sponsorship

The Saudi British Bank (SABB) has contributed to supporting the activities and events of the Saudi Startup Forum, recently organized by Monsha’at in Dhahran.

During the opening ceremony, Deputy Governor of the Eastern Province Dr. Khalid Al-Battal honored SABB as a “supporting sponsor,” in the presence of Deputy Minister of Trade and Investment Majed Al-Bawardi and Governor of the General Authority for SMEs Saleh Al-Rasheed. The award recognizes the bank’s role in developing the national economy by encouraging startups and entrepreneurs.

“Startups are an important part of the national economy, and therefore, the success and growth of these companies is a key factor for the growth and development of the Kingdom’s economy in general, and provide more job opportunities for citizens. Hence, the national Vision 2030 focuses on supporting the startup sector and entrepreneurs,” said Dr. Al-Battal.

He also praised SABB’s role in the success of the forum, which is an important platform for the launch of many startups and entrepreneurs.

In addition to its corporate banking and trade facilities, SABB is committed to supporting startups through its community-based initiatives, and continues to provide support through the TAQADAM startup accelerator program, which aims to help young entrepreneurs take their first steps in business.


Makkah governor honors LuLu group's Yusuff Ali

Updated 13 July 2020

Makkah governor honors LuLu group's Yusuff Ali

MAKKAH: Makkah Governor and advisor to King Salman Prince Khalid Al-Faisal honoured Yusuff Ali, chairman of Lulu Group, for his active involvement in the campaign "Barran bi Makkah."

The campaign, which was held under the aegis of Makah Governor, helped families and owners of small businesses who have been negatively impacted by the current COVID-19 pandemic.

Yusuff Ali had donated SAR1 million ($266,000) to the project.