Monsha’at, Tarmeez Capital earmarks SAR 1 bn to empower entrepreneurs

user icon
NOHA.GAD
calender icon
Nov 10, 2024
article image

Riyadh - Exclusive Sharikat Mubasher: The Saudi financing company Tarmeez Capital inked a cooperation agreement with the Small and Medium Enterprises General Authority (Monsha’at) to allocate a financing portfolio worth SAR 1 billion to support and empower small and medium-sized enterprises (SMEs) in Saudi Arabia, Salem Aljawini, Member of Board of Directors, revealed in an interview with Sharikat Mubasher.

Aljawini noted that the agreement was signed on the sidelines of Biban 2024, Saudi Arabia’s flagship event for startups and entrepreneurs.

The official praised the efforts of the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), as well as the public and private sectors to foster SMEs by providing an attractive infrastructure to grow and expand.

Aljawini further revealed that Tarmeez Capital’s financing programs surpassed SAR 1 billion within the past 12 months, covering more than 10 different sectors in 12 cities across the Kingdom.

Tarmeez Capital is a leading fintech platform that offers a seamless Shariah-compliant financial experience for enterprises of different sizes through issuing Sukuk.

Biban 2024, organized by the Small and Medium Enterprises General Authority (Monsha’at), convened in Riyadh from 5 to 9 November, with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.

It targeted creating a stimulating environment, raising administrative, financial, and technical competencies, and motivating the owners of ideas to launch their projects by allowing them to meet with local and global experts and share knowledge with key decision-makers and investors.


Share

Related News

Corporate sector captures 54% of bank loans in H1-25
News
Calendar Icon
November 13, 2025
Corporate sector captures 54% of bank loans in H1-25
Read More
Workey secures strategic investment from Falak Investment Hub
News
Calendar Icon
November 10, 2025
Workey secures strategic investment from Falak Investment Hub
Read More
Saudi FraudTech Rased closes pre-seed round led by Wa’ed Ventures
News
Calendar Icon
November 10, 2025
Saudi FraudTech Rased closes pre-seed round led by Wa’ed Ventures
Read More
Ambersand closes SAR 1.5 mn pre-seed round to transform compliance automation
News
Calendar Icon
November 9, 2025
Ambersand closes SAR 1.5 mn pre-seed round to transform compliance automation
Read More
Saudi PropTech Builtop raises $11mn led by TAM Capital
News
Calendar Icon
November 9, 2025
Saudi PropTech Builtop raises $11mn led by TAM Capital
Read More
Kafalah expects SME loans to reach SAR 24 bn by year-end
News
Calendar Icon
November 4, 2025
Kafalah expects SME loans to reach SAR 24 bn by year-end
Read More
Stream closes $4mn seed round to transform business payments in MENA
News
Calendar Icon
November 3, 2025
Stream closes $4mn seed round to transform business payments in MENA
Read More
Tali Ventures leads $6mn Series A round in Bonat
News
Calendar Icon
November 3, 2025
Tali Ventures leads $6mn Series A round in Bonat
Read More
Rmz.ai raises 100K in pre-seed round to develop AI assistants
News
Calendar Icon
October 30, 2025
Rmz.ai raises 100K in pre-seed round to develop AI assistants
Read More
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
News
Calendar Icon
October 30, 2025
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
Read More