100 Million Riyals Extend Fund Announced to Support Saudi SMEs and Cultural Ventures

Extend Group and Rassanah Financial have jointly unveiled the Extend Fund, a new initiative aimed at bolstering the growth of small and medium-sized enterprises (SMEs) in Saudi Arabia while promoting innovation in digital media, arts, Arab culture, and media production.

With a significant value totaling 100 million Saudi Riyals, the fund will be overseen by a specialized team from Rassanah Financial, with the primary goal of fostering the creation of employment opportunities and empowering local talents to showcase and enhance Saudi culture on a global scale.

The announcement of the fund was made during Extend Group's 13th-anniversary celebration, where strategic partnerships were also formed with Intuit.lap Academy and Peaksource Group to establish the Extend Academy.

This collaborative effort between Extend Group and Rassanah Financial marks a significant step forward in supporting the growth and development of SMEs in Saudi Arabia, while simultaneously promoting cultural innovation and economic empowerment within the region.

Source: Waya Media