MODON and Sukuk Capital Partner to Boost SME Funding in Saudi Arabia
MODON, a Saudi Arabian authority, has signed a memorandum of understanding with investment firm Sukuk Capital to provide new financing solutions for small and medium-sized enterprises (SMEs) in the country.
The partnership is expected to boost funding opportunities for SMEs and support the national economy by creating economic opportunities and directing energies of young people to innovative projects with high growth.
The CEO of MODON highlighted that the new solutions aim to stimulate the productivity of factories and enhance the financial sustainability and stability of the private sector.
The agreement is part of MODON's initiatives to support the national economy and provide technical assistance programs for entrepreneurs and owners of SMEs. Under the terms of the agreement, partners will benefit from a variety of financial solutions and flexible payment schedules, contributing to increasing collection efficiency.
The CEO of MODON highlighted that the new solutions aim to stimulate the productivity of factories and enhance the financial sustainability and stability of the private sector.
The agreement is part of MODON's initiatives to support the national economy and provide technical assistance programs for entrepreneurs and owners of SMEs. Under the terms of the agreement, partners will benefit from a variety of financial solutions and flexible payment schedules, contributing to increasing collection efficiency.
