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New supply firm to offer financing in Saudi Arabia
The Public Investment Fund has launched "Tawrid for Financing Solutions," a digital platform specializing in supply chain financing in Saudi Arabia. The aim is to empower small and medium-sized enterprises (SMEs) and facilitate their access to financing needs. The company has received a license from the Saudi Central Bank and has begun testing its operations. Its products help improve cash flow management and expand business by establishing connections among buyers, suppliers, and banks. The launch of "Tawrid" aligns with the Fund's strategy to enhance private sector participation and diversify the local economy through modern financing techniques. Additionally, agreements have been signed with local banks and companies to support this goal.
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