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Financing Emerging Projects

Social Development Bank

An e-service provided by the Social Development Bank, which enables citizens ,who have a desire, to practice self-employment through owning their business, and to finance the start-up entrepreneurs whose investment cost does not exceed 300,000 riyals.

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Individuals, Citizen
Target audience
90.0 Days(s)
Service duration
Arabic and English
Service provided in
Mobile apps, Portal, Service centers,
Service channels
Service cost

Frequently Asked Questions

Customer support

Related applications

Service launch date: Dec 31, 2018, 8:00:00 PM GMT

  • Apply on the sponsors website.
  • Conduct a personal interview with the sponsor.
  • Submit the application to the banks website through the sponsor.
  • Sign the financing contract.
  • Attend a training course.
  • Should not combine two funding requests from the banks financing programs. Applicants must be at least 21 years old and not over 55 years old.
  • The applicant for funding of medical and educational projects should not have been convicted for dishonesty or breach of honor unless being reinstated. Working full time in the business.
  • Having the appropriate experience or qualification to work on the business and its management. For medical business, priority is given to those with a medical qualification.
  • Fulfilling financial and credit capability requirements to obtain funding, Added value to the national economy.
  • Should be part of the projects financed by the bank. Borrower should be a Saudi and meet the application conditions.
  • Having at least one year of experience in the same activity to be financed or a certificate of specialization in the same field. The experience has to be documented in social insurance.
  • For more: the Service User Manual.
  • There are no requirements.

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