RIYADH: The Social Development Bank has signed a SR1.1 billion ($293 million) financing agreement with the ride-hailing firm Careem to provide 7,500 job opportunities for Saudi drivers.
As per the agreement, SR150,000 in financing will be offered for each driver’s vehicle, in low instalments for a period of three years, Alarabiya reported.
During the year 2021, Careem stated that Saudi drivers completed around 250 million trips, with profits exceeding SR430 million.
