Yesterday, Saturday, 12/03/2016, during the Non-Profit Sector Development Forum, the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation, the Ministry of Labor and Social Development, the Human Resources Development Fund “Hadaf” and the Social Development Bank signed an agreement to establish the “Tamkeen” program and fully fund it with an amount of one billion riyals. As revolving capital and non-refundable grants amounting to 150 million riyals, with the aim of enabling associations to achieve their mission and goals, and activating the role of associations in shifting from direct pastoral work to broader development work, by building internal units responsible for providing “financial and non-financial” microfinance services. To support beneficiaries towards carrying out microeconomic activities that reduce their dependence on care and guarantee services, and to enable civil associations and committees to manage risky microfinance lending portfolios, and to support productive families and micro-enterprises and build their capacities. The agreement was signed by the Suleiman bin Abdulaziz Al Rajhi Charitable Foundation, CEO, Mr. Suleiman bin Muhammad Al-Zakri, and by the Ministry of Labor and Development, Dr. Salem bin Ahmed Al-Dini, Undersecretary of the Ministry of Labor and Social Development for Social Development, while the Human Resources Development Fund “Hadaf” was represented by its General Director, Dr. Abdul Karim bin Hamad Al Najidi, and on behalf of the Social Development Bank, its General Manager, Dr. Abdullah bin Abdul Rahman Al Namlah. The Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation also concluded a strategic partnership agreement with the Ministry of Labor and Social Development and the Social Development Bank to establish the “Financial Sustainability” program and finance it with an amount of 900 million riyals. The idea of the program is to finance associations, civil institutions and non-profit committees in the Kingdom, with the aim of stimulating... These non-profit entities achieve financial sustainability, 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.
The branch of the Sulaiman Al Rajhi Charitable Foundation in the Eastern Province concluded the program for developing leaders of influential social change institutions, which was implemented by the Al-Nubalaa Comprehensive Training Center on Tuesday evening, 05/17/2016 AD, at the Crowne Plaza Al-Khobar Hotel.
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On Thursday, 12/29/2016 AD, the Director of the Cooperative Office for Call, Guidance, and Community Awareness at the Al-Hakimiya Center in Madaya, Mr.
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Rakeen Consulting and Capacity Building Company, in partnership with the branch of the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation in the Northern Border Region, held a workshop entitled “Assessing the Institutional Capabilities of Non-Profit Organizations in the Northern Border Region,” yesterday, Monday, 2/6/2017, at the headquarters of the Cooperative Office for Call and Guidance. Educating communities about Arar.
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