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Saudi Shura Council Calls for Establishing Digital Branches for Social Development Bank

Saudi Shura Council Calls for Establishing Digital Branches for Social Development Bank

Tuesday, 23 November, 2021 - 11:00
The Saudi Shura Council called on the Social Development Bank to take the initiative and prepare a technical study to replace some of its rented offices with digital branches. (Asharq Al-Awsat

The Saudi Shura Council called on the Social Development Bank to take the initiative and prepare a technical study to replace some of its rented offices with digital branches, through which services are provided efficiently and sustainably.


The Shura Council reviewed several annual reports during its tenth regular session for the second year of the eighth term.


Council member Salah al-Talib stressed the need to transfer the objectives of business financing activity through supporting small, emerging, and micro-enterprises.


He also called for transferring financing programs and products to the Small and Medium Enterprises Bank.


The Social Development Bank is requested to clarify the number of male and female beneficiaries, the mechanisms for benefiting from indirect loans, methods to receive aid provided to charitable societies, the size of the loans, and the working tools, announced member Mohammed al-Abbas.


The Council issued several decisions regarding the annual report of the Communications and Information Technology Commission (CITC), namely reviewing relations with various authorities to enable cloud services and speed up the transition of public and private sectors from traditional IT solutions to the cloud.


The Council also decided to support amateurs and researchers to ensure the best use following the national plan in this field, which contributes to achieving the programs of Vision 2030.


It emphasized the importance of integration and cooperation of government agencies to achieve the desired goals of the uses of the frequency spectrum.


The Council also called on the Commission to financially support the initiative aiming to spread broadband networks to complete the connection of housing in cities and governorates with fiber-optic networks.


Concerning the annual report of the General Authority for Audiovisual Media, the Council stressed the need to expedite the study of the impact of exempting the authority’s financial deduction from tickets for public entry to showrooms on increasing attendance and strengthening the industry in the Kingdom.


It also called for organizing its estimated budget based on the actual expenditure and increasing its income from services and licenses that it provides.


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