Industry Ministry Increases Industrial Lending to SAR774 Million in 2025

Madinah: The Ministry of Industry and Mineral Resources has revealed a major leap in the volume of financing directed to the industrial sector through financial technology (FinTech) companies in 2025. The annual lending growth rate reached 36%, bringing the total lending volume provided to SAR774 million ($206.40 million), compared to SAR569 million ($151.73 million) in 2024 and SAR317 million ($84.53 million) in 2023. According to Saudi Press Agency, this achievement comes as a result of strategic partnerships led by the ministry with a number of leading FinTech companies in the Kingdom, most notably: Taamid, Yanal, Tarmeez Capital, Dinar, Sakkok, Lendo, and Forus. These collaborations aim to overcome financing challenges faced by industrial enterprises and connect them with flexible and innovative credit solutions that support production continuity and operational expansion. The financing products offered include working capital financing, sales invoice financing, and expansion funding. The release adde d that the success story of a small industrial company in Eastern Region, 'Perfect Vision,' specializing in alarm and surveillance systems, is highlighted as an example of this integration. Financing provided through Dinar enabled the factory to secure the liquidity needed to purchase raw materials, which positively contributed to increasing its sales volume. Looking ahead to 2026, the ministry plans to expand further by growing the lending portfolio dedicated to the industrial sector and introducing new financial instruments aligned with the needs of the industrial sector. The ministry also intends to intensify educational workshops to increase awareness among factory owners about FinTech financial tools and the expansion of the list of partners and beneficiaries for 2026. These efforts reflect the ministry's central role in facilitating industrial sector access to the financial system, in line with the objectives of Saudi Vision 2030 to make industry a key pillar of the national economy. Industrial compan ies interested in accessing financing can contact the ministry through its official channels to be connected with fintech companies.