Social Development Bank Concludes the Training Camp for the “Jahez” Social Responsibility Portfolio
Supporting 20 Entrepreneurial Projects with 10 Million SAR
The Social Development Bank (SDB) successfully concluded the training camp for the “Jahez” Social Responsibility Portfolio, which took place over five days at the Dulani Business Center in Riyadh.
The camp resulted in supporting 20 entrepreneurial projects with a total financing of 10 million SAR, with a funding ceiling of 500,000 SAR per project, drawn from the overall 30 million SAR value of the “Jahez” Social Responsibility Portfolio.
SDB managed the portfolio by conducting feasibility studies, disbursing funds, and overseeing project progress to ensure their long-term sustainability. This integrated model is designed to empower entrepreneurs and foster a thriving startup ecosystem.
Throughout the camp, participants received extensive training in essential business skills, including economic feasibility studies and investment proposal presentations, equipping them with the knowledge and confidence needed to successfully enter the market.
The initiative is part of a strategic partnership with Jahez, aiming to strengthen public-private sector collaboration, drive sustainable development, and empower entrepreneurs in the fast-growing logistics sector.
Eng. Sultan Al-Hamidi, CEO of SDB, emphasized the broader vision behind the initiative, stating: “The Jahez Social Responsibility Portfolio is not merely a financing tool but a comprehensive development framework aimed at fostering innovation and entrepreneurship among Saudi youth.
Through our management of this portfolio, we are committed to creating a lasting economic impact, generating real opportunities for ambitious entrepreneurs. The Jahez camp was a bright beginning to a journey of contribution and accomplishments, where each supported project contributes to building a sustainable economy and a brighter future.”
Mr. Ghassab Al-Mandeel, CEO of Jahez Group, highlighted the company’s commitment to national development, stating: “Our partnership with SDB embodies our dedication to empowering entrepreneurs by providing them with the necessary financial and operational support.
This initiative aims to accelerate the growth of the logistics sector as a key driver of the national economy, while fostering innovation through pioneering projects aligned with Saudi Vision 2030. Each training phase within the camp has been a crucial step toward turning promising ideas into viable, sustainable businesses.”
It is worth noting that SDB launched a pioneering social responsibility portfolio, offering a structured framework for companies to effectively contribute to community development and sustainable growth. Jahez was the first partner in this initiative, committing an initial 30 million SAR to the portfolio managed by SDB.
