21 Hrs
Source:
المدينة
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Fintech loans for industry rise 130
The Saudi Ministry of Industry and Mineral Resources reported that the volume of loans provided by financial technology companies to industrial projects increased by 130%, reaching 541 million Saudi riyals during the first half of 2026, compared to 234 million riyals in the same period last year. This increase comes as part of the ministry's efforts to support industrial growth through partnerships with seven fintech firms and by offering a variety of financing solutions such as working capital financing, invoice financing, and industrial expansion funding. The goal is to address financial challenges and support the continuity and expansion of production in the Saudi industrial sector, in line with Saudi Vision 2030 to enhance the national economy.
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