Riyadh – Sharikat Mubasher: SME Bank announced a partnership with Aramco Taleed and Manafa, a Saudi fintech company backed by Wa’ed Ventures, to launch new financing solutions aimed at expanding funding access for small and medium-sized enterprises across Saudi Arabia.
Announced during a ceremony in Dhahran, the initiative targets SMEs operating within Aramco’s ecosystem and the Kingdom’s industrial sector, including companies in projects, manufacturing, and services.
As per a recent press release, this collaboration seeks to improve financial liquidity and operational efficiency by providing businesses with faster access to funding while addressing common financing challenges.
Under the program, SMEs will be able to access Sharia-compliant financing solutions covering working capital, invoice financing, payroll financing, and purchase order financing. The offering includes streamlined application processes and flexible repayment periods of up to 12 months.
The partners expect financing opportunities within Aramco’s ecosystem to reach around SAR 1.5 billion over the next five years. The initiative builds on the existing partnership between SME Bank and Manafa, which began in 2023 to support the growth of innovative financing solutions for Saudi businesses.
The launch aligns with broader efforts to expand financing options for SMEs, strengthen financial innovation, and support the objectives of Saudi Vision 2030 by enabling business growth and sustainability across the Kingdom.
