Credit facilities extended by the banking sector and finance firms in Saudi Arabia to micro, small and medium-sized enterprises (MSMEs) amounted to about SAR 198.2 billion by the end of Q2 2021, an increase of 25% year-on-year (YoY) from SAR 158.03 billion.

 

The value of financing extended by the banking sector amounted to SAR 184.8 billion, or 93% of total facilities, while the finance firms offered SAR 13.5 billion, or 7% of total facilities, according to data issued by the Saudi Central Bank (SAMA).

 

Financing Facilities Provided to MSMEs (SAR bln)

Period

2020

2021

Variation

Q1  

134.84

188.43

+ 40%

Q2  

158.03

198.22

+ 25%

Q3  

175.74

--

--

Q4

182.24

--

--
 

The following table details the facilities provided to MSMEs by banks and finance firms since 2018:

 

Facilities Provided to MSMEs by Banks, Finance Firms (SAR bln)

Period

Banks

Finance Firms

Total

Q1 2018

87.84

7.83

95.68

Q2 2018

93.60

7.66

101.26

Q3 2018

99.00

7.68

106.68

Q4 2018

100.76

7.76

108.52

Q1 2019

105.02

8.15

113.17

Q2 2019

105.16

7.87

113.03

Q3 2019

106.86

8.75

115.61

Q4 2019

107.97

9.38

117.35

Q1 2020

125.16

9.68

134.84

Q2 2020

147.40

10.64

158.04

Q3 2020

164.99

10.75

175.74

Q4 2020

170.35

11.89

182.24

Q1 2021

175.46

12.97

188.43

Q2 2021

184.76

13.46

198.22
 

  

 

Medium-sized enterprises accounted for SAR 132.1 billion, or 72% of total facilities provided by the banking sector by the end of Q2 2021. Meanwhile, the share of small-sized enterprises reached SAR 44.2 billion.

 

Financing by Banks (SAR bln)

Period

Micro

Small

Medium

Total

Q1 2018

4.22

22.01

61.62

87.84

Q2 2018

3.69

20.82

69.10

93.60

Q3 2018

3.97

21.80

73.22

99.00

Q4 2018

3.70

22.31

74.76

100.76

Q1 2019

2.87

22.98

79.17

105.02

Q2 2019

2.61

23.11

79.44

105.16

Q3 2019

3.05

22.97

80.84

106.86

Q4 2019

3.53

23.01

81.44

107.97

Q1 2020

3.78

27.47

93.92

125.16

Q2 2020

5.33

31.28

110.80

147.40

Q3 2020

6.20

37.26

121.54

164.99

Q4 2020

7.18

39.92

123.26

170.35

Q1 2021

8.34

39.67

127.45

175.46

Q2 2021

8.47

44.18

132.11

184.76
 

Small-sized enterprises obtained SAR 6.1 billion of total facilities, while the share of medium-sized enterprises amounted to about SAR 4.66 billion by the end of Q2 2021.

 

Facilities by Finance Firms (SAR bln)

Period

Micro

Small

Medium

Total

Q1 2018

1.45

3.00

3.38

7.83

Q2 2018

1.37

2.91

3.38

7.66

Q3 2018

1.39

2.98

3.32

7.68

Q4 2018

1.21

3.21

3.34

7.76

Q1 2019

1.11

3.47

3.57

8.15

Q2 2019

1.07

3.60

3.20

7.87

Q3 2019

1.29

3.83

3.63

8.75

Q4 2019

1.69

3.81

3.88

9.38

Q1 2020

1.74

4.23

3.71

9.68

Q2 2020

2.03

4.76

3.85

10.64

Q3 2020

1.86

5.17

3.73

10.75

Q4 2020

2.51

5.18

4.19

11.89

Q1 2021

2.79

5.63

4.55

12.97

Q2 2021

2.70

6.10

4.66

13.46
 

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