

A statement by the Chairman of the Board of Directors of Tadhamon Bank, Shawqi Ahmed Hayel, about allocating new financing in the amount of 3 billion riyals to finance small projects in Taiz for the year 2024.
Creating a common and solid base between the government and private sectors, local banks, civil society organizations and international development partners is a gateway to the success of the economic and social development plan for Taiz Governorate in all its directorates for the period 2024-2026 AD, for which a consultative workshop was held today to review its development axes, identify gaps, and put everyone in front of their responsibilities towards the next stage. To take optimal advantage of this ambitious plan.
Today we have an important responsibility to succeed, and there is no other choice. It is necessary to seize the opportunity and benefit from the international trend to establish peace, enhance sustainable development opportunities, and shift from the stage of urgent relief to sustainable development, by mobilizing all efforts, identifying needs, scheduling priorities, and linking all of this to society in the future. Taiz.
Here, it must be noted that the desired development is difficult to achieve its goals without highlighting support for the small and microenterprise sector, and in this regard, we at Tadhamon Bank have provided financing during the past years through the Tadhamon Small and Microfinance Program in the amount of five billion and 200 million riyals to finance projects. And today we also announce the allocation of new financing in the amount of 3 billion riyals to finance small projects in Taiz for the year 2024 AD. It is pleasing to point out here our experience in financing small projects, which was crowned with success without any defaults in payment from small projects in Taiz, and this is a positive and motivating point. To provide greater support in the future.
This approach comes in recognition of the leadership of Tadhamon Bank - Solidarity Bank of the importance of these specific projects, and the decisive role they can play in reviving the economy and changing the living and economic reality of thousands of families affected by the war.
We hope that all efforts will be crowned with success and achieve the aspirations of local communities in the governorate to achieve comprehensive and sustainable local development in various fields.