GEA, Kafalah to provide financial support to SMEs

17/09/2024 Argaam
Logos of the General Entertainment Authority and Kafalah Program

Logos of the General Entertainment Authority and Kafalah Program

The General Entertainment Authority (GEA), in partnership with the Small and Medium Enterprises Loan Guarantee Program (Kafalah), will provide financial support to SMEs of up to SAR 100 million to boost and empower the entertainment sector and stimulate economic growth, Chairman Turki Al-Sheikh said.

 

According to the Kafalah program, the product offers SMEs financing guarantees of up to 90% to support various entertainment industries.

 

The product targets micro, small, and medium-sized enterprises (MSMEs) in various entertainment industries based on the classifications of the GEA.

 

The maximum guarantee amounts to SAR 2.5 million for micro-enterprises, SAR 5 million for small enterprises, and SAR 15 million for medium-sized enterprises.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.