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Public Investment Fund launches Tawreed to digitalize supply chains
The Public Investment Fund has launched "Tawarrud for Financing Solutions," a digital platform specializing in supply chain financing for companies in Saudi Arabia, following its approval from the Saudi Central Bank. The company's goal is to build digital connections between buyers, suppliers, and financing entities, offering products such as early payment of receivables, thereby enhancing liquidity management and capital efficiency, especially for small and medium-sized enterprises. The company has commenced its operational activities and signed agreements with major banks and companies, aiming to support the diversification of the national economy and empower the private sector. Tawarrud's services contribute to enabling companies to expand their operations and improve liquidity management, while strengthening the resilience of local supply chains.
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