logo-ar
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • smLoan.SME_LOANS
  • finTechHub
  • News
LoginRegister
  • english iconenglish
  • english iconarabic
  1. Mubasher News
  2. MSMEs secure SAR 293 bn credit facilities in Q1-24

MSMEs secure SAR 293 bn credit facilities in Q1-24

NOHA.GAD
Jul 1, 2024
MSMEs secures SAR 293 billion credit facilities in Q1-24

Riyadh - Sharikat Mubasher: Micro, small, and medium-sized enterprises (MSMEs) in Saudi Arabia received credit facilities worth SAR 293.4 billion during the first quarter (Q1) of 2024, representing 8.9% of total credit facilities, recent figures revealed.

The monthly bulletin of the Saudi Central Bank (SAMA) showed that banks provided the largest share of credit facilities at SAR 175.7 billion in Q1-24, while finance companies extended SAR 17.6 billion to MSMEs during the same quarter.

Medium enterprises seized the largest share of total credit facilities at SAR 160.5 billion, followed by small enterprises that obtained facilities worth SAR 103.4 billion in Q1-24.

Furthermore, micro-enterprises received credit facilities amounting to SAR29.3 billion during the first three months of 2024.

It is worth noting that MSMEs in Saudi Arabia obtained credit facilities estimated at SAR 275.5 billion in Q4-23.

Tags

Banks
Finance Companies
Credit Facilities
MSMEs
Share

Attract clients with your ad

Start Now

Trending

"viAct" تحصد 7.3 مليون دولار لتعزيز وجودها في السعودية
MUBASHER.SA
"فيلنتس" تتعاون مع "بيورتي تكنولوجيز" لتطوير مشاريع للذكاء الاصطناعي بالسعودية
MUBASHER.SA
"الزامل للصناعة" تستثمر 150 مليون ريال في السعودية ومصر وفيتنام العام الجاري
MUBASHER
26 شركة ناشئة إماراتية تنضمّ لمسرعة "جوجل" للذكاء الاصطناعي
MUBASHER.SA
"هيوماين" و"أمازون ويب" تستثمران 5 مليارات دولار في الذكاء الاصطناعي
MUBASHER.SA

Related News

Funding News
Calendar Icon
May 15, 2025
viAct closes $7.3mn series A round to expand in Saudi Arabia
Read More
Funding News
Calendar Icon
May 14, 2025
WakeCap secures $28mn funding to expand AI-powered construction solutions
Read More
Funding News
Calendar Icon
May 12, 2025
Kilow closes $2.5mn seed funding to advance digital health solutions
Read More
Funding News
Calendar Icon
May 12, 2025
AqlanX secures $10mn to launch Arabic-first enterprise AI in Middle East
Read More
Funding News
Calendar Icon
May 11, 2025
Nawy raises $52mn to transform Egypt’s real estate market
Read More
Funding News
Calendar Icon
May 8, 2025
Endocare closes funding round to tackle obesity in Saudi Arabia, UAE
Read More
Funding News
Calendar Icon
May 7, 2025
Saudi Arabia leads Gulf startup investment in Q1-25, reaching $327mn
Read More

newsLetter.widgetTitle

newsLetter.description

validationMsg.emailRequired
validationMsg.validEmail
logo-ar

footerDesc

  • Home
  • Companies
  • Investors
  • finTechHub
  • Opportunities
  • News
  • ContactUs
  • Sitemap
copyRight