{
Abdulaziz Alhamidi

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}
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001122334455554433221100

Saudi Development Bank boosts gaming and tech financing to 360 million SAR

The Saudi Social Development Bank (SDB) has increased its financing portfolio for gaming and tech from SAR 300 million to SAR 458 million, marking a 53% growth. This initiative supports over 30 clients in the gaming sector and includes significant agreements with companies like Lobah Digital and Virtual Reality Solutions.Additionally, SDB's collaboration with the National Technology Development Program has expanded its tech financing to SAR 898 million, with new contracts aimed at fostering innovation. Partnerships with Microsoft and Informatica will enhance SDB's digital infrastructure and operational efficiency.
Lucidity Insights
Saudi Riyal SAU Abdulaziz Alhamidi
Finance & Economy, Press Release
04:12 18.02.2025
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