Micro, small, and medium businesses in Saudi Arabia receive $61.4bn credit facilities in 2022

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RIYADH: Credit score amenities given to micro, small, and medium enterprises in Saudi Arabia hit SR229.3 billion ($61.4 billion) in 2022, up 13 p.c on the earlier 12 months, official figures confirmed. 

Information launched by Saudi Central Financial institution, also called SAMA, revealed that banks accounted for credit score amenities price SR213.2 billion, or 93 p.c of the whole financing. 

The remaining 7 p.c –  SR16.1 billion – was supplied by monetary establishments.

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