Riyadh - Sharikat Mubasher: The micro, small, and medium-sized enterprises (MSMEs) in Saudi Arabia received credit facilities worth SAR 307.4 billion, representing 9% of total credit facilities provided during the second quarter (Q2) of 2024

Recent figures by the Saudi Central Bank (SAMA) revealed that medium-sized enterprises received the largest share of credit facilities worth SAR 167.3 billion, followed by small enterprises that secured SAR 106.3 billion in credit facilities. Additionally, micro-sized enterprises obtained credit facilities amounting to SAR 33.6 billion in Q2-24.

Saudi banks provided credit facilities estimated at SAR 289.7 billion in Q2-24, while finance companies extended credit facilities worth SAR 17.6 billion in the same quarter.