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Social Development Bank aims to provide concessional development financing programs for citizens in addition to supporting small and emerging projects. The social development bank was founded in 1973 and is headquartered in Riyadh, Saudi Arabia. The Bank is considered to be one of the main government pillars for economic and social development funding to the citizens of Saudi Arabia. SDB’s focus is to provide social financing products and business solutions to low-income citizens. The bank is further creating awareness in financial planning & saving, as well as funding freelancers, micro, startup, and small businesses in a way to enable them to contribute effectively to the economic growth of the country. The Bank has 24 branches in different regions of the Kingdom of Saudi Arabia to deliver services efficiently to its citizens.
| Company Name | Social Development Bank (SDB) |
|---|---|
| Industry | Banking |
| HQ Address | Riyadh, Saudi Arabia |
| Revenue | $490.6 Million [2021] |
| Employee Size | Over 1,000 |
| Company Type | Private |
| Website | www.sdb.gov.sa |
| Subsidiaries | Subsidiaries - Not Available |
| Locations | Riyadh, Al Baha, Al-Jouf, Jazan, Hail, and More |
| Competitors | Financial Markets, PPF Bank, Pro business Bank, and More |
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