Saudi Arabian banknotes
Credit facilities extended to micro, small and medium enterprises (MSMEs) in Saudi Arabia rose by 18% year-on-year (YoY) to almost SAR 268.6 billion in Q3 2023, data from the Saudi Central Bank (SAMA) showed.
Banks accounted for SAR 251.6 billion worth of credit facilities, or 94% of the total. Facilities given by financing firms stood at SAR 16.9 billion, or 6% of the total.
The following table shows development in credit facilities provided to MSMEs from banks and financing companies:
|
Total Credit Facilities Provided to MSMEs (SAR bln) |
|||
|
Change |
2023 |
2022 |
Period* |
|
+15% |
252.2 |
218.7 |
Q1 |
|
+19% |
262.7 |
221.0 |
Q2 |
|
+18% |
268.6 |
228.0 |
Q3 |
|
-- |
-- |
229.0 |
Q4 |
The table below indicates details of credit facilities provided to MSMEs by sector in which the lenders operate:
|
Credit Facilities Extended to MSMEs (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 |
|
229.03 |
15.81 |
213.23 |
Q4 2022 |
|
252.23 |
17.28 |
234.95 |
Q1 2023 |
|
262.67 |
17.31 |
245.34 |
Q2 2023 |
|
268.57 |
16.93 |
251.64 |
Q3 2023 |
Medium enterprises accounted for SAR 152.4 billion (61%) of Saudi banks' facilities, while small enterprises held around SAR 77.9 billion in the third quarter of the year, as shown below:
|
Facilities Extended from Banking Sector (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 |
|
234.95 |
145.09 |
70.25 |
19.62 |
Q1 2023 |
|
245.34 |
149.43 |
75.70 |
20.21 |
Q2 2023 |
|
251.64 |
152.42 |
77.87 |
21.35 |
Q3 2022 |
Small enterprises accounted for SAR 8.04 billion of financing firms’ facilities in Q3 2023, with medium enterprises garnering around SAR 6.2 billion in the same period, as follows:
|
Facilities Extended by Financing Firms (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 |
|
15.81 |
5.27 |
7.40 |
3.14 |
Q4 2022 |
|
17.28 |
6.06 |
8.30 |
2.92 |
Q1 2023 |
|
17.31 |
6.19 |
8.18 |
2.95 |
Q2 2023 |
|
16.93 |
6.21 |
8.04 |
2.68 |
Q3 2023 |
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