TDF Signs 8 Financing Agreements with Funding Partners at BIBAN 24

The Tourism Development Fund (TDF) signed 8 agreements with financial partners at BIBAN24, enhancing financing solutions for micro, small, and medium enterprises (MSMEs) in tourism.

The agreements include a Co-Financing Program with Arab National Bank and 5 agreements under the Finance Companies Program with Tayseer Arabia, Murabaha Marina, Tawkilat, Al Jabr, and Al Raeda Financing, offering tailored funding with competitive profit margins.

Additionally, TDF partnered with Lendo and Manafa, two fintech platforms facilitating faster and more accessible financing for MSMEs across the Kingdom.

TDF’s innovative financing initiatives aim to empower entrepreneurs, stimulate private sector growth, and support Saudi Vision 2030’s tourism objectives.