CEO of the SME Bank, Ibrahim Alrashid, stated that the financing sector in Saudi Arabia has experienced a significant qualitative transformation since the launch of Vision 2030, driven by the evolution of financing instruments and policies.
Speaking at the opening session of “Funding Week” on Sunday, Alrashid noted that Saudi Arabia has already achieved its 2025 targets for financing and lending directed at small and medium-sized enterprises (SMEs).
The event, organized by Monsha’at in collaboration with SME Bank, is being held from May 3 to 7 across SME Support Centers in Riyadh, Jeddah, Al-Khobar, and Madinah. It forms part of a broader initiative aimed at improving SMEs’ access to financing and strengthening their ability to benefit from available solutions.
Alrashid highlighted that cumulative credit facilities provided to micro, small, and medium enterprises have reached approximately SAR 467 billion by the end of 2025, representing 33% year-on-year growth. He also emphasized ongoing efforts to further expand financing impact and close funding gaps in the sector.
He added that the sector is expected to undergo a further structural shift over the next five years, supported by three key pillars: indirect financing, guarantee mechanisms, and venture capital instruments.
“Funding Week” is part of Monsha’at’s efforts to empower SMEs by connecting them with financial institutions and raising awareness of available funding options, ultimately supporting business growth, sustainability, and contribution to the national economy.
