The National Debt Management Center signed a Memorandum of Understanding (MoU) with Tarmeez Capital Company at the Center's headquarters in Riyadh on Thursday, December 5th, 2024. The MoU aims to establish frameworks for cooperation between the two parties in the field of savings products.
At the signing of the MoU, the National Debt Management Center was represented by its CEO, Mr. Hani Almedaini, and Tarmeez Capital Company was represented by its CEO, Eng. Nasser Al-Saadoun.
This MoU aligns with the NDMC's efforts to enhance collaboration with the private sector to develop and launch new government-supported savings products. The initiative seeks to increase the percentage of individuals who save regularly in the Kingdom, diversify and expand the range of available savings products and facilitate its access. This falls under the initiatives associated with the Financial Sector Development Program, one of the Saudi Vision 2030 programs, which focuses on enhancing and enabling financial planning.