71 Days
Source:
الاقتصادية
Al-Eqtisadia: 20% of funding to industry
The article focused on the growth and development of the Saudi "Sukuk Financial" platform for crowdfunding, which has attracted approximately 11.6 billion riyals in investments over five years from more than 800,000 companies, funds, investors, and individuals. The funding activities were mainly directed toward sectors such as real estate (36%), industry (20%), education, and health (15%). Additionally, Saudi Arabia announced the licensing of "Hema Financing" in 2026, bringing the total number of licensed companies to 78. Crowdfunding through debt allows companies to obtain direct loans from investors via electronic platforms, with returns ranging between 10% and 18% and low risks of around 1-1.5%. This growth aims to support expansion across various sectors, including the capacity of educational projects and hospitals, contributing to the economic development of the Kingdom.
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