Riyadh – Sharikat Mubasher: The Ministry of Industry and Mineral Resources reported a sharp increase in financing directed to Saudi Arabia’s industrial sector through financial technology companies in 2025, with lending volumes rising 36% year-on-year.

According to a ministry statement, total lending to industrial enterprises reached SAR 774 million ($206.4 million) in 2025, up from SAR 569 million in 2024 and SAR 317 million in 2023, reflecting the growing role of fintech platforms in supporting industrial development across the Kingdom.

The growth has been driven by partnerships between the ministry and several Saudi fintech firms, including Taamid, Yanal, Tarmeez Capital, Dinar, Sakkok, Lendo, and Forus. These collaborations aim to help manufacturers overcome financing challenges by connecting them with flexible credit solutions tailored to industrial needs.

The financing solutions offered include working capital financing, sales invoice financing, and expansion funding designed to support production continuity and operational growth.

The ministry highlighted the case of a small manufacturing company in the Eastern Region, Perfect Vision, which specializes in alarm and surveillance systems. Through financing provided by Dinar, the company was able to secure liquidity to purchase raw materials, leading to an increase in its sales.

Looking ahead to 2026, the ministry plans to further expand the lending portfolio dedicated to the industrial sector while introducing new financial instruments and increasing awareness among factory owners about fintech financing tools as part of the Kingdom’s broader Saudi Vision 2030 objectives to strengthen industry as a pillar of the national economy.