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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