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 |
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