small and medium enterprise sector (SMES)

Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show. Official data from the Kingdom’s National Development Fund highlights…
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Fintech companies continue to expand in Saudi Arabia, with the nation increasingly becoming a magnet for financial technology. UAE-based Fortis is bringing its one-stop point of sale, customer relationship management, order management…
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Financing provided to small and medium enterprises in Saudi Arabia surged by 20.4 percent year on year to $73.5 billion in the fourth quarter of 2023, official data showed. In its latest quarterly report, the Kingdom’s Small and Medium…
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Credit facilities provided to micro, small, and medium enterprises in Saudi Arabia saw a 20 percent rise in 2023 compared to the preceding year, marking the highest growth rate for 3 years. Data from the Kingdom’s central bank, known as…
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Oman’s small and medium enterprises received a funding boost, with the authority tasked with their development lending over 24.6 million Omani rials ($63.9 million) as of February. The total number of projects financed by the country’s…
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Saudi Arabia is in overdrive to diversify its economy away from oil by exploring all available opportunities available domestically and abroad. This very quest took Saudi Investment Minister Khalid Al-Falih to several nations in Latin…
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Saudi Arabia and Jordan have signed an agreement to enhance economic, commercial and investment cooperation in the small and medium enterprise sector. They will work together to increase the exchange of expertise, and organize business…
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