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Saudi SME financing surpasses 490 billion riyals
The value of facilities provided to small, micro, and medium-sized enterprises in Saudi Arabia increased by 16.5% by the end of the second quarter of 2026, reaching approximately 490.8 billion Riyals, a rise of 69.55 billion Riyals compared to the previous year. These facilities constitute 11.4% of the total bank facilities in the kingdom, with an annual growth rate of 16.28% from the banking sector. Financing for financing companies also grew by 21.4%, reaching 23.2 billion Riyals. Data shows that the facilities granted to small, micro, and medium enterprises experienced notable increases, with growth rates of 11.6% and 44.35%, respectively, reflecting the government's continued support for this vital sector.
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