Dr. Khalid Al Ghazzawi, CEO of Ebdaa Microfinance Company, conveyed his warm congratulations to the Kingdom of Saudi Arabia on its National Day. He expressed his deep pride in the productive partnership that existed between the Kingdom of Bahrain and the Kingdom of Saudi Arabia. This collaboration had played a vital role in achieving tangible growth and prosperity for both nations by fostering the development of joint programs and projects. These initiatives were a testament to their mutual dedication to enhancing economic stability in the region.
In a statement made on that occasion, Dr. Al-Ghazzawi emphasized that Ebdaa company stood out as a shining example of the successful collaboration between Saudi Arabia and Bahrain in advancing the microfinance sector. This was particularly significant in the past, as microfinance solutions played a crucial role in the shared agenda of economic diversification, industrial transformation, and support for SMEs in both kingdoms.
“Ebdaa Company, established in 2009 as the Kingdom of Bahrain’s inaugural specialized microfinance bank, owes its inception to the gracious patronage of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, the wife of the King of Bahrain and President of the Supreme Council for Women, may God protect her. It was also initiated with the late Prince Talal bin Abdulaziz Al Saud’s support, who served as the President of the Arab Gulf Programme for Development “AGFUND”. The company is resolutely committed to harnessing its close partnership with the Kingdom of Saudi Arabia to fulfill its mission of aiding individuals and SMEs in achieving their financial objectives and fostering business development. This commitment is realized through the provision of innovative and tailored financing solutions that facilitate growth across diverse sectors.” According to Dr. Al-Ghazzawi.
Dr. Al-Ghazzawi highlighted the remarkable successes and achievements of both kingdoms in the realm of bolstering financial inclusion, broadening the microfinance landscape, and expanding access to financial services. These accomplishments have earned them esteemed recognition as benchmarks of excellence at both regional and international levels. He underscored that by drawing on shared experiences and knowledge, the two kingdoms serve as catalysts for innovation and advancement within the microfinance industry. They also play pivotal roles in crafting appropriate policies and legislative frameworks to furnish comprehensive support for low-income individuals and small business proprietors.
