RIYADH: Saudi Arabia’s Social Development Bank disbursed SR6.5 billion ($1.73 billion) in financing in the first nine months of 2025, benefiting over 90,000 citizens and enterprises, after extending SR8 billion in 2024.
Of this, SR2.5 billion supported self-employed practitioners and productive families, reaching 53,000 beneficiaries — including 14,500 in the third quarter, the Saudi Press Agency reported.
Strengthening small, medium, and emerging industries is a key goal of Saudi Arabia’s Vision 2030, as the Kingdom works to diversify its economy and reduce its decades-long reliance on crude oil revenues.
More than SR2.4 billion went to 7,300 small and emerging enterprises, with 2,400 of them financed in the third quarter alone.
Social financing accounted for SR1.6 billion, benefitting 30,000 people, including 10,000 during the latest quarter.
