Riyadh, June 3, 2021, SPA -- Saudi Industrial Development Fund (SIDF) has won two gold awards at Middle East and North Africa Stevie Awards, where the fund received the Gold Award for Innovation in Business Information or Application Websites, under the Web Site Awards Categories, for developing the Tamkeen Mobile Application to apply for and follow up on loans, and won the second Gold Award under the same category for the smart mobile application designated for the clients of the SIDF. The fund received the two Stevie awards following the outcomes of the digital transformation journey, where SIDF redesigned operations and the automation of more than 300 procedures, as well as launching the Tamkeen Application to apply for and follow up on loans, and launching the smart application for the service of its clients. SIDF journey towards digital transformation contributed to increasing the number of accredited loans by 38 percent and the growth of its capacity to process and examine loans by three folds, in addition to reducing the duration of receiving loans by 53 percent from 11 months to only five months, which accords with international criteria. MENA Stevie Awards is the only program specialized in recognizing innovation in the business sector across the region and that is available for companies and individuals in 17 countries, where winners of the gold, silver and bronze awards are determined based on the average marks by 60 global professional figures through six juries. --SPA 13:15 LOCAL TIME 10:15 GMT 0010 www.spa.gov.sa/w1565982