Tomoh program serves more than 1,400 establishments: Monsha’at Official

Abdulrahman Alsmail, General Manager of Enterprises Growth at Monsha’at

Tomoh program includes more than 1,400 establishments, with total revenues of SAR 16 billion, Abdulrahman Alsmail, General Manager of Enterprises Growth at Monsha’at told Argaam.

On the sidelines of the Riyadh’s CEO Forum, Alsmail stated that the Tomoh program supported more than 160 establishments since its launch, noting that 14 of them will be listed on the Saudi Exchange (Tadawul).

These companies achieved an average growth rate of 40%, in addition to a 60% increase in the number of employees.

Alsmail said the authority targets serving more than 17,000 fast-growing enterprises across the Kingdom.

Tomoh program is dedicated to fast-growing establishments, representing 1.5% of the total small and medium enterprises (SMEs), which contribute more than 50% to the gross growth rate of the SMEs’ contribution to the GDP, he stated.