Riyadh - Sharikat Mubasher: The Small and Medium Enterprises Loan Guarantee Program (Kafalah) provided financing support of over SAR 130.6 billion (approximately $34.8 billion) in 2025, according to the latest Vision 2030 Annual Report 2025.

The program issued loan guarantees valued at SAR 93 billion (around $24.8 billion), benefiting more than 27,000 small and medium-sized enterprises (SMEs).

The report showed that the number of SMEs in Saudi Arabia exceeded 1.7 million in 2025, employing around 8.8 million people and contributing by 22.9% to the national GDP. A new generation of business owners is also emerging, with more than 474,000 enterprises owned by Saudi youth.

Additionally, the total number of licensed incubators and accelerators in the Kingdom recorded 339 in 2025, attracting over 550 foreign startups.

These figures underscore that SMEs in Saudi Arabia have become a key driver of private sector growth, supported by a stronger and more accessible business ecosystem.

Saudi entities, such as the Small and Medium Enterprises General Authority (Monsha’at), the SME Bank, and the Saudi Venture Capital Company (SVC), have focused on financing and enabling entrepreneurship through initiatives that attract both local and international founders.