Development Finance at the Sustainability Fund visited the targeted associations in Jazan

In coordination with the branch of the Suleiman bin Abdulaziz Al-Rajhi Charitable Foundation in Jazan, Mr. Ahmed Awad Al-Shalikhi, Development Finance Supervisor at the Sustainability Fund, and a team from Aviso Company, visited the headquarters of the Awareness and Social Rehabilitation Association “Wa’i”, the Al-Bir Charitable Society in Abu Arish, and the Al-Bir Charitable Society in Damad. The aim of these visits, which lasted for a period Two days, starting from Tuesday, 1/24/2017 AD, to prepare the “Assessing the Financial Sustainability of Charitable Organizations” model before launching it, God Almighty willing. It is worth noting that the Ministry of Labor and Social Development concluded a strategic partnership agreement with the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation and the Social Development Bank to establish the “Financial Sustainability” program. The idea of ​​the program is to finance associations, civil institutions and non-profit committees in the Kingdom, with the aim of stimulating these entities to achieve sustainability. This is done by providing good loans and non-refundable grants to these entities so that they can own endowments or investments that provide them with a stable income and enable them to diversify and sustain their sources of income.