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AlRaedah Finance Joins 150 Other Financial Institutions to Promote SME Finance

AlRaedah Finance Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. June 26, 2019 –  AlRaedah Finance became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.

“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have AlRaedah Finance join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum. 

AIRaedah Finance is the pioneer of bespoke solutions for micro, small and medium sized enterprises seeking to achieve long-term, sustainable growth. Since its establishment in 2014, AIRaedah has become the principal financing institution for SMEs in the Kingdom of Saudi Arabia. AIRaedah's success is built on its simple and transparent process as well as in-depth understanding of the local market and flexible financing programs. 

AIRaedah Finance offers the most extensive coverage for Shariah compliant financing solutions within the Kingdom. Headquartered in the capital of Riyadh and with branches in Burayda and Khobar, AIRaedah serves the entire Kingdom including small, remote cities and towns. The ease of accessibility ensures AIRaedah maintaining its position within the financial services sector. 

“As we work to help small businesses secure financing, it is important we continue to improve our measures in this ever-evolving landscape of finance,” shared Paul Melotto, CEO of AlRaedah Finance. “Membership with the Forum, access to their network and insights will reinforce our efforts to ensure that the SMEs we serve exceed their goals.”

AlRaedah Finance looks forward to accessing customized data analysis and benchmarking from the SME Finance Forum.

To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list

About SME Finance Forum
The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. Its members share a common commitment to advancing finance so that small and medium enterprises can flourish and grow. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and is managed by the International Finance Corporation (World Bank Group).      

About AlRaedah Finance
AIRaedah's success is built on its simple and transparent process as well as in-depth understanding of the local market and flexible financing programs. Headquartered in the capital of Riyadh and with branches in Burayda and Khobar, AIRaedah serves the entire Kingdom including small remote cities and towns. They are devoted to helping small businesses, and understand that all businesses are not created equal. 

Media Contact
Carmen Smith
csmith11@ifc.org