Washington D.C., May 4th, 2022 – Yanal Finance joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises.
We are delighted to welcome Yanal Finance to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
Yanal Finance provides medium term asset financing to all productive sectors in Saudi Arabia with particular emphasis on SMEs.
"By joining the SME Finance Forum, we hope to share knowledge and experience with other market players and benefit from other interactions with financial institutions working with SMEs’’ said Bader Al Swailem, CEO of Yanal Finance.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About Yanal Finance
Yanal operates with a mandate to provide medium term asset financing to all productive sectors of the economy with particular emphasis to serving the needs of small to medium size enterprises thereby assisting in extending and expanding the credit delivery mechanism in the Kingdom of Saudi Arabia. YANAL strives for progress and offering real and lasting value to customers. YANAL endeavors to benchmark the professional business ethics and to create a culture of openness; promoting individual and societal growth by rewarding initiative and performance.
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