Saudi Fund Launches Tawrid Supply Chain Financing
The Saudi Public Investment Fund has launched "Tawreed for Financial Solutions," a digital platform that offers customized financing products for supply chains in the Saudi market. The goal is to enhance private companies’ access to finance, improve cash flow management, and strengthen working capital. The company has obtained a license from the Saudi Central Bank and commenced its operations by signing agreements with local banks and companies such as Gulf International Bank and the National Commercial Bank, enabling businesses to meet their financing needs, expand their operations, and boost the resilience of local supply chains. This step is part of the Fund’s broader strategy to increase private sector participation and achieve sustainable economic growth in Saudi Arabia, with a focus on supporting small and medium-sized enterprises, diversifying financial services, and digitizing trade.
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