In extension to the financing services initiative recently launched by the General Entertainment Authority (GEA) under the guidance of its Chairman H.E. Turki Al-Sheikh, the Authority signed an MoU with the Saudi British Bank (SABB) to provide financing solutions to private entertainment companies.
The agreement will contribute to the growth, sustainability and support of entertainment companies at a time of economic challenges posed by COVID-19.
According to the MoU, SAAB will help entertainment companies by providing financing solutions like Point of Sale, payroll financing, SMEs credit card financing and online account opening.
For more information: www.sabb.com/ar/business/Home/business-banking/
This is the third MoU for financing services signed by GEA. Earlier, the Authority signed agreements with Bank AlJazira and Al Rajhi Bank to provide financing solutions to support entertainment companies since entertainment is a promising sector for the Saudi economy according to Vision 2030 targets.
To view services: Financing Solutions