SAB & WEConnect International to Support Saudi Womenpreneurs

• This year, SAB entered into a partnership with WEConnect International, a worldwide non-profit organization
• The collaboration was to enable and empower female business owners in the Kingdom of Saudi Arabia

Saudi Awwal Bank, one of Saudi Arabia's leading financial institutions, Tuesday announced a strategic partnership with WEConnect International-a global nonprofit organisation that connects women-owned businesses with qualified buyers worldwide-to advance women's economic participation in line with the objectives of Saudi Vision 2030.

The partnership aims to promote an enabling business environment that fosters innovation, sustainability, and long-term growth.

Under this initiative, SAB and WEConnect International will support women entrepreneurs with mentorship opportunities, access to business resources, and networking to further enhance their competitiveness and success.

The announcement was made at an event jointly organized by SAB and WEConnect International at SAB's Innovation Centre, complete with discussions, networking sessions, and success stories shared by women entrepreneurs from across the Kingdom.

As Ghazzaoui, the chief financial officer at SAB, said, "Empowering women in business is not just about equity; it is a strategic priority for economic development. This partnership will create more opportunities for women entrepreneurs and further support a vibrant, diverse Saudi economy."

The initiative is part of SAB's ongoing commitment to support female entrepreneurship. The bank has previously worked with Visa and Monsha'at, the Saudi Government national authority on entrepreneurship and small business, on the She's Next programme, offering grants, training and mentorship to women-owned businesses, to support SAB's wider priority of helping foster a more inclusive entrepreneurial ecosystem.

Headquartered in Saudi Arabia and founded over 90 years ago, SAB retains a position as one of the Kingdom's largest and longest-established banks, playing an important role in its economic growth and social development.

It provides a full range of banking services: corporate, investment, and private banking, trade finance, foreign exchange, and digital banking solutions.

SAB, previously known as Saudi British Bank SABB, is currently operating with a paid-up capital of SAR 20.5 billion subsequent to the merger with Alawwal Bank on 14 March 2021.

The bank remains a restricted license bank under the supervision of the Central Bank of Saudi Arabia, with a strategic partnership.