The centennial fund is an independent, non-profit foundation concerned with funding youth projects . Established in 1425 A.H, by the Royal decree No.190/A , And was named the Centennial Fund because of its launch at a time when the Kingdom of Saudi Arabia was celebrating 100 years since its foundation by King Abdul-Aziz – May Allah bless him -
The Centennial Fund is considered an institutional work pursuant of the Saudi Arabian Kingdom ambitions and aspiration to support the youth to start their small and medium-sized projects ,and to be the supporting front for entrepreneurs and pioneers amidst the new economic trends that encourages business initiatives of small investors .p>
The idea for creating the Centennial Fund first emerged at a time when there was scarceness of programs supporting youth project to decrease the unemployment and develop the local economy . And since then , a specialized committee started studying the idea through looking into projects supporting the youth in other countries . The Youth Business International ( YBI), a program based in the united kingdom that has proved successful after its application in almost 40 countries , was chosen by the committee .
To be the leading foundation for enabling young people to be successful business owners.
To enable the new generation of Saudis to start their own businesses through guidance , facilitation and lending , converting them from job-seekers to job-creators and helping them achieve financial independence.
Values and goals
- Transparency & integrity
- The spirit of team work
- Focusing on customers
- Goal oriented
- To help create new job opportunities
- Helping the local economy to grow through creating productive projects
- Increasing the chances forr project success through funding , training and mentoring
- Developing and supporting creative ideas in the business perimeter