Saudi MSMEs receive SAR 229.3 bln credit facilities in 2022

السعودية: 229.3 مليار ريال التسهيلات المقدمة للمنشآت الصغيرة والمتوسطة ومتناهية الصغر بنهاية 2022

Saudi Arabian banknotes

Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 13% year-on-year (YoY) to almost SAR 229.3 billion by the end of 2022, data from the Saudi Central Bank (SAMA) showed.

Banks accounted for SAR 213.2 billion worth of credit facilities, or 93% of total financing. Facilities given by financing institutions stood at SAR 16.1 billion, or 7% of the total.

The following table shows development in credit facilities provided to MSMEs from banks and financing companies:

Credit Facilities to MSMEs Since 2018 (SAR bln)
Period	Value (SAR bln)	Change
2018	108.52	--
2019	117.35	+8%
2020	182.24	+55%
2021	203.23	+12%
2022	229.30	+13%

The table below indicates details of credit facilities provided to MSMEs by sector:

Credit Facilities by Sector (SAR bln)
Total	Financing Institutions	Banking Sector	Period
95.68	7.83	87.84	Q1 2018
101.26	7.66	93.60	Q2 2018
106.68	7.68	99.00	Q3 2018
108.52	7.76	100.76	Q4 2018
113.17	8.15	105.02	Q1 2019
113.03	7.87	105.16	Q2 2019
115.61	8.75	106.86	Q3 2019
117.35	9.38	107.97	Q4 2019
134.84	9.68	125.16	Q1 2020
158.04	10.64	147.40	Q2 2020
175.74	10.75	164.99	Q3 2020
182.24	11.89	170.35	Q4 2020
188.43	12.97	175.46	Q1 2021
198.22	13.46	184.76	Q2 2021
200.37	14.16	186.22	Q3 2021
203.23	14.64	188.59	Q4 2021
218.68	15.27	203.41	Q1 2022
221.00	15.39	205.61	Q2 2022
228.03	15.47	212.57	Q3 2022
229.30	16.08	213.23	Q4 2022

Medium enterprises accounted for SAR 132.97 billion, or 62%, of Saudi banks' facilities, while small enterprises held around SAR 65.1 billion, as shown below:

Credit Facilities by Banks (SAR bln)
Total	Medium	Small	Micro	Enterprise
87.84	61.62	22.01	4.22	Q1 2018
93.60	69.10	20.82	3.69	Q2 2018
99.00	73.22	21.80	3.97	Q3 2018
100.76	74.76	22.31	3.70	Q4 2018
105.02	79.17	22.98	2.87	Q1 2019
105.16	79.44	23.11	2.61	Q2 2019
106.86	80.84	22.97	3.05	Q3 2019
107.97	81.44	23.01	3.53	Q4 2019
125.16	93.92	27.47	3.78	Q1 2020
147.40	110.80	31.28	5.33	Q2 2020
164.99	121.54	37.26	6.20	Q3 2020
170.35	123.26	39.92	7.18	Q4 2020
175.46	127.45	39.67	8.34	Q1 2021
184.76	132.11	44.18	8.47	Q2 2021
186.22	129.99	45.08	11.14	Q3 2021
188.59	128.64	50.59	9.37	Q4 2021
203.41	135.54	54.04	13.83	Q1 2022
205.61	134.88	55.78	14.94	Q2 2022
212.57	136.64	61.55	14.37	Q3 2022
213.23	132.97	65.08	15.18	Q4 2022

Small enterprises accounted for SAR 7.54 billion of financing institutions' facilities in 2022, with medium enterprises representing around SAR 5.34 billion in the same period, as follows:

Credit Facilities by Financing Institutions (SAR bln)
Total	Medium	Small	Micro	Enterprise
7.83	3.38	3.00	1.45	Q1 2018
7.66	3.38	2.91	1.37	Q2 2018
7.68	3.32	2.98	1.39	Q3 2018
7.76	3.34	3.21	1.21	Q4 2018
8.15	3.57	3.47	1.11	Q1 2019
7.87	3.20	3.60	1.07	Q2 2019
8.75	3.63	3.83	1.29	Q3 2019
9.38	3.88	3.81	1.69	Q4 2019
9.68	3.71	4.23	1.74	Q1 2020
10.64	3.85	4.76	2.03	Q2 2020
10.75	3.73	5.17	1.86	Q3 2020
11.89	4.19	5.18	2.51	Q4 2020
12.97	4.55	5.63	2.79	Q1 2021
13.46	4.66	6.10	2.70	Q2 2021
14.16	4.78	6.61	2.77	Q3 2021
14.64	4.93	6.77	2.94	Q4 2021
15.27	4.90	7.22	3.15	Q1 2022
15.39	4.97	7.26	3.17	Q2 2022
15.47	4.87	7.17	3.42	Q3 2022
16.08	5.34	7.54	3.20	Q4 2022

Details and Historical Data of Banks' KPIs

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