JEDDAH: Entertainment focused small and medium enterprises in Saudi Arabia experienced a 98 percent year-on-year increase in financing during the second quarter of 2025.
The Small and Medium Enterprises Financing Guarantee Program, also known as Kafalah, supported 32 establishments and issued guarantees exceeding SR79 million ($21 million), the Saudi Press Agency reported.
The number of beneficiary establishments rose 78 percent compared with the same period in 2024. By the end of the quarter, 94 enterprises had benefited from the program’s entertainment sector product, receiving total financing of more than SR304 million and guarantees totaling SR225 million.
Kafalah works in partnership with the General Entertainment Authority and financial institutions to provide guarantees that reduce financing risks and broaden access to capital. The initiative is part of Saudi Vision 2030’s strategy to foster economic growth and develop promising sectors.
The SPA report noted that this growth in the entertainment sector highlights “the effectiveness of the product in supporting the sector’s growth and facilitating establishments' access to appropriate financing solutions.”
