Sponsorship Agreement: The Mohammed bin Salman Misk Foundation and Riyad Bank have signed a partnership to support and empower beneficiaries of the Misk Entrepreneurs Community and promote SME growth.
Focus on Youth and Innovation: The agreement aims to foster young Saudi entrepreneurs and enhance the environment for startups and small businesses, aligning with the goals of Saudi Vision 2030.
Impact and Goals: In 2023, the Misk Foundation empowered over 641,000 beneficiaries, highlighting its commitment to youth development and the strategic objectives of Vision 2030.
Riyadh, August 22, 2024
In a strategic move to bolster support for emerging entrepreneurs and businesses, the Mohammed bin Salman Misk Foundation has proudly announced a new sponsorship agreement with Riyad Bank. This collaboration is designed to enhance the empowerment of beneficiaries within the Misk Entrepreneurs Community and support the foundation’s broader mission.
The agreement aligns with the core community-focused roles of both institutions, reflecting their shared commitment to advancing youth empowerment and facilitating the growth of startups and small and medium-sized enterprises (SMEs). Through this partnership, both the Misk Foundation and Riyad Bank aim to accelerate the development and expansion of these crucial segments of the economy.
Nadir Al-Koraya, Chief Executive Officer of Riyad Bank, emphasized that this partnership is intended to empower young Saudi entrepreneurs, who are seen as a fundamental pillar of the national economy. Al-Koraya highlighted the bank’s dedication to creating an environment conducive to innovation and supporting small, medium, and micro enterprises. He expressed optimism about the positive impact this collaboration will have on nurturing entrepreneurial talent and contributing to the economic landscape.
The Misk Foundation is renowned for its role in developing empowering programs for youth through its extensive network of partnerships with both local and international organizations. In 2023 alone, the foundation made a significant impact by empowering over 641,000 beneficiaries through its various initiatives. This achievement underscores the foundation’s dedication to realizing the goals of Saudi Vision 2030 and its ongoing efforts to foster a vibrant and innovative entrepreneurial ecosystem in the Kingdom.
This new sponsorship agreement marks an exciting development in the journey towards a more dynamic and supportive environment for Saudi entrepreneurs and SMEs, reflecting a shared vision for growth and innovation.
