New Delhi, India – The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed an agreement with the Small Industries Development Bank of India (SIDBI).
SMEB acting CEO Abdulrahman bin Mohammed bin Mansour and SIDBI Deputy Managing Director Sudatta Mandal attended the signing ceremony in the Indian capital, New Delhi, on the sidelines of the ongoing Saudi-Indian Investment Forum.
The agreement encompasses various components, including the design and formulation of engineering strategy data in accordance with industry best practices. Additionally, it involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises and financial institutions.
The agreement also aims to enhance awareness and promote employee development through a dedicated training program.