Alinma Bank has entered into a strategic partnership with the Cultural Development Fund to offer tailored financial solutions for micro, small, and medium-sized enterprises (MSMEs) operating within the cultural sector. This collaboration underscores a mutual commitment to empowering the cultural industry and amplifying its contribution to the local economy. Representing Alinma Bank, Mr. Jameel Naif AlHamdan, Head of the Corporate Banking Group, signed the agreement, with Mr. Majid bin Abdul Mohsen Al-Hogail, CEO of the Cultural Development Fund, also in attendance.
Mr. Jameel AlHamdan emphasized Alinma Bank’s dedication to advancing the Kingdom’s cultural landscape by providing innovative financial solutions that drive sector growth. He remarked, "Our partnership with the Cultural Development Fund plays a pivotal role in fostering sustainability within the cultural sector by supporting vital cultural initiatives, simplifying investment processes, and boosting profitability. This collaboration is also integral to aligning our efforts with the Fund’s mission to achieve the national cultural strategy and the broader objectives of Saudi Vision 2030."