RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources has propelled industrial sector growth by boosting financing through fintech partnerships, with total lending surpassing SR774 million ($206.4 million) in 2025, a 36 percent increase from 2024.
This rapid expansion underscores the Kingdom’s commitment to strengthening industrial enterprises and supporting sustainable economic development.
According to a press release issued on April 1, the ministry’s strategic collaborations with leading fintech firms, including Taamid, Yanal, Tarmeez Capital, Dinar, Sakkok, Lendo, and Forus, have been instrumental in this success.
These partnerships provide industrial companies with flexible, innovative financing solutions, including working capital loans, sales invoice financing, and expansion funding, to ensure continuous production and business growth.
The release highlighted Perfect Vision, a small Eastern region company specializing in alarm and surveillance systems, as a success story. Financing through Dinar allowed the company to secure liquidity for raw materials, boosting production and increasing sales.
