Social Development Bank surpasses SAR1.7 billion in Q1 2025 financing.

SDB provided over SAR1.7 billion in financing during Q1 2025, supporting individuals, enterprises, and emerging sectors in line with Vision 2030.

Riyadh, March 26, 2025, The Social Development Bank (SDB) convened its regular first-quarter meeting for 2025, chaired by Minister of Human Resources and Social Development (MHRSD) and SDB Board Chairman Ahmed Al-Rajhi, in the presence of board members. The meeting assessed SDB’s first-quarter performance and explored key initiatives aimed at enhancing its developmental services, according to a recent press release.

During the session, SDB highlighted its efforts to support individuals and small and emerging businesses through sustainable financial solutions. The total financing for the first quarter exceeded SAR1.7 billion, benefiting over 20,000 citizens and enterprises. Of this, SAR505 million was allocated to entrepreneurs and emerging businesses, supporting more than 1,800 enterprises.

Regarding social financing, SDB reported that SAR504 million was provided to over 9,800 citizens for marriage, family support, and home renovations. Additionally, financing for freelancers and home-based businesses exceeded SAR670 million, marking a 329% increase from the previous quarter.

To foster a savings culture, approximately 17,000 new participants joined the “Zod Savings” program this quarter, raising the total number of savers to 250,000, with total savings surpassing SAR550 million. Moreover, 18,000 entrepreneurs benefited from empowerment and development services, including capacity-building programs, specialized training, and market access support.

SDB CEO Eng. Sultan bin Abdulaziz Al-Hamidi stated, "We have commenced the year with outstanding achievements that serve various segments of society, thanks to the unwavering support of our leadership in advancing social and economic development in line with Vision 2030. These results reaffirm our dedication to strengthening the national economy, enhancing financial stability for families, and expanding funding opportunities for sustainable community development."

The release also underscored SDB’s commitment to emerging sectors such as e-sports, gaming, and technology entrepreneurship. The financing portfolios for these industries have been expanded to over SAR1.3 billion, aligning with the LEAP 2025 conference held last February. This initiative, in collaboration with the Saudi Esports Federation and the National Technology Development Program under the National Development Fund, aims to bolster gaming, e-sports, and IT advancements.