AGFUND receives award for inclusive banking and social impact work

The Arab Gulf Programme for Development (AGFUND) has received the "Excellence in Inclusive Banking and Social Impact" award at the 2026 Sustainable Development Goals Awards. The award was presented by the World Savings and Retail Banking Institute (WSBI) in cooperation with the European Savings and Retail Banking Group (ESBG).

AGFUND CEO Hammam bin Nasser bin Juraid accepted the award in Bangkok, Thailand, during the Annual Meetings of the International Monetary Fund and World Bank Group. The recognition highlights AGFUND's efforts in supporting underserved communities through financial services.

Prince Abdulaziz bin Talal bin Abdulaziz, President of AGFUND, stated that the award reflects over two decades of commitment and underscores the role of financial services in improving livelihoods and promoting economic independence. He specifically credited the founders of AGFUND's microfinance banks for their foundational work in empowering individuals.

AGFUND's financial inclusion network has served over 1.3 million clients and disbursed more than US$1.37 billion in financing. Women constitute 59 percent of borrowers, emphasizing the program's contribution to economic empowerment. The organization plans to expand its reach through digital solutions and innovative financial products, with a focus on future growth in Africa.