{"id":69609,"date":"2026-02-04T07:44:40","date_gmt":"2026-02-04T07:44:40","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/news\/abdul-latif-jameel-finance-and-social-development-bank-sign-mou-to-support-ride-hailing-sector\/"},"modified":"2026-09-04T06:47:57","modified_gmt":"2026-09-04T06:47:57","slug":"abdul-latif-jameel-finance-and-social-development-bank-sign-mou-to-support-ride-hailing-sector","status":"publish","type":"pressrelease","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/news\/abdul-latif-jameel-finance-and-social-development-bank-sign-mou-to-support-ride-hailing-sector\/","title":{"rendered":"Abdul Latif Jameel Finance and Social Development Bank sign MoU to support ride-hailing sector"},"content":{"rendered":"<ul>\n<li>The MoU is set to explore cooperation in lease financing for freelancers in the ride-hailing sector.<\/li>\n<li>The initiative supports Vision 2030 objectives by expanding freelance opportunities, enabling sustainable income generation, and strengthening public-private collaboration.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.aljfinance.com\/en\">Abdul Latif Jameel Finance<\/a>, a leader in innovative financing solutions and services that is regulated by the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with the <a href=\"https:\/\/www.sdb.gov.sa\/en\" target=\"_blank\" rel=\"noopener\">Social Development Bank<\/a> to discuss and explore the opportunity\u00a0 to establish and manage a dedicated financing portfolio aimed at empowering Saudi citizens to pursue freelance opportunities in the ride-hailing sector.<\/p>\n<p>This MoU affirms Abdul Latif Jameel Finance\u2019s commitment, as a licensed and trusted entity to provide specialized financing solutions, and the Social Development Bank, as a pioneer in enabling social development tools and enhancing the financial independence, to provide innovative financing solutions that focus on facilitating citizen\u2019s access to these solutions and support the ride-hailing sector.<\/p>\n<p>This initiative aligns with the objectives of Vision 2030 by contributing to a thriving economy through expanding freelance opportunities, empowering individuals to generate sustainable income, and strengthening public-private collaboration to deliver meaningful social and economic impact.<\/p>\n","protected":false},"featured_media":69611,"menu_order":0,"template":"","class_list":["post-69609","pressrelease","type-pressrelease","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New MoU to Support Ride-Hailing Sector | Abdul Latif Jameel\u00ae<\/title>\n<meta name=\"description\" content=\"Abdul Latif Jameel Finance and the Social Development Bank sign an MoU to support the ride-hailing sector and freelance growth in Saudi Arabia. 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