Saudi- SABB Islamic business packages boost SMEs 

(MENAFN - Arab News) SABB Business Banking has launched its Islamic business packages, a campaign that promotes SABB's innovative business banking solutions and services to small and medium enterprises (SMEs).

The packages have been tailored to cater to SMEs' needs at various stages comprising start-up businesses, which are 1-4 years old, growing and expanding businesses that can be 4-7 years old and established businesses that have been in the market for 7 years and above.

The three named packages correlate mainly to the business life cycle stage, special prices and discounts on selected products and services fees on annual basis.

SMEs with up to SR 100 million annual turnover making 95 percent of registered businesses in Saudi Arabia are more likely to benefit from SABB Islamic Business, which they focus on customer's cross-borders financial needs and tailor-made global solutions as they offer businesses a large array of services including free Amanah current account (CUC), Amanah commodity investment account, standing instruction free for inter-account transfers, ATM cards and special discounts of up to 50 percent on services for trade imports, trade guarantees, telex transfers, SABB autopay system, and subscription fee.

Earlier this year, SABB opened three Business Banking centers in Riyadh, Dammam and Jeddah entirely dedicated to serve and support SMEs in Saudi Arabia.

The centers run by qualified Saudi teams and equipped with extensive expertise in business banking and project management, are offering SMEs, from start-up stages through fully fledged, the banking services they need for their business growth.