Riyadh - Sharikat Mubasher: The total volume of financing extended by Saudi fintech companies to industrial projects reached SAR 751 million in the first nine months (9M) of 2026, up 80% from SAR 420 million in the same period of 2025.

According to an official statement released today by the Ministry of Industry and Mineral Resources, this remarkable growth reflects the ministry's ongoing efforts to provide diverse financing solutions to support the growth of the Saudi industrial sector.

Over the past period, the ministry formed multiple strategic partnerships with leading fintech companies in the Kingdom, such as Tameed, Tarmeez Capital, Dinar, Foras, Yanal, Sukuk Capital, and Lendo. These partnerships address financing challenges facing industrial organizations by connecting them with flexible, innovative credit solutions that enhance production continuity and expand operations.

The ministry also organized several workshops last September to raise entrepreneurs’ awareness of financing solutions, with 80 industrial companies participating. The workshops showcased various financing solutions offered by fintech companies and how to use them.