24 Hrs
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المشهد العربي
Sukna Capital Offers $100B for Saudi SMEs
The opportunity for financing small and medium enterprises in the Saudi market is valued at around $100 billion. However, the portion of financing allocated to these sectors does not exceed 8% of the lending portfolios in the Kingdom, whereas global rates reach approximately 20% in the United States and between 20-40% in Europe and Asia. This highlights a financing gap between the reliance on venture capital for startups and obtaining traditional bank loans, which impacts the sector's growth and limits its access to funding compared to similar markets worldwide.
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