Riyadh - Sharikat Mubasher: The SIDF Investment Company (SIC) and Lendo, one of the leading Shariah-compliant debt-based crowdfunding platforms in Saudi Arabia, launched a pioneering investment program worth SAR 200 million to support small and medium-sized enterprises (SMEs) in the Kingdom.
The program is designed to provide fast, governed, and sustainable working capital financing for SMEs across Saudi Arabia, SIC announced in a recent press release.
This groundbreaking program offers a wide range of financing solutions, including but not limited to purchase order financing, invoice financing, and receivables-based funding.
Through this partnership, which sets a new benchmark for public-private collaboration, Lendo will harness its advanced technology platform and deep market expertise to efficiently deliver alternative financing tools that empower industrial SMEs to expand operations rapidly and sustainably.
Meanwhile, SIC will bring its institutional investment capabilities, strategic partnerships, and governance standards to enhance investor confidence and expand private sector participation in industrial financing instruments.
Fahad bin Jamal Al-Naeem, CEO of SIC, stated that the partnership with Lendo is a practical reflection of SIC’s vision to unlock access to alternative financial tools that support the growth of Saudi industrial companies, especially SMEs. “We remain committed to enabling the national industrial sector through innovative, flexible, and well-governed investment solutions that address financing challenges and accelerate expansion and innovation in alignment with the National Industrial Strategy and Vision 2030,” he said.
The program reflects an innovative approach to bridging the industrial financing gap through flexible and alternative financial tools aligned with the evolving landscape of Saudi Arabia’s alternative finance market.
For his part, Osama Alraee, CEO and Co-Founder of Lendo, commented: “Our joint program goes beyond invoice financing, it covers a wide range of financeable assets, significantly enhancing the readiness of Saudi manufacturers to grow rapidly and sustainably.”
He emphasized that the partnership reinforces Lendo’s role as a key enabler of industrial financing.
The program is now live, with eligible factories and industrial SMEs able to submit financing requests directly through the Lendo platform.
