New funding deal for SMEs in Aramco network

The Small and Medium Enterprises Bank, in collaboration with the "Aramco Taleed" program and Manafaa Financial Technology Company, has launched new financing solutions to support small and medium enterprises linked to the Aramco Saudi Arabia ecosystem. The goal is to improve access to funding and enhance operational liquidity. The initiative aims to provide approximately 1.5 billion SAR over five years through flexible, Sharia-compliant repayment plans. These plans include working capital financing, invoice financing, payroll, and purchase orders, along with ongoing support for sector development efforts and in alignment with Vision 2030.

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