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Public Investment Fund launches Tawarid for supply chain financing
The Public Investment Fund has launched "Taward for Financing Solutions," a digital platform dedicated to providing supply chain financing solutions for Saudi companies. The initiative aims to empower the private sector, especially small and medium-sized enterprises. The company has obtained a license from the Saudi Central Bank to begin operational testing procedures and is working to enhance capital efficiency and provide liquidity through early payment services and approved invoices. This initiative contributes to improving supply chain resilience, expanding financing opportunities for suppliers, and strengthening the role of the private sector in the Saudi economy, as part of the Fund's plan to promote private sector participation and foster national economic growth.
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