Khalil Al-Nammari, SIDF official spokesperson
Saudi Industrial Development Fund (SIDF) approved 24 loan facilities at a total value exceeding SAR 875 million with total disbursements of SAR 440.9 million until the end of Q1 2023, said official spokesman Khalil Al-Nammari.
Small and medium enterprises (SMEs) accounted for 15 facilities, or 62.5% of total loans, in the first quarter of 2023, while promising regions and cities dominated four loan facilities, accounting for 16.67% of total loans in Q1 2023.
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Loan Distribution by Region |
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Region |
No. of Loans |
Value (SAR mln) |
|
Riyadh |
7 |
245.6 |
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Eastern Province |
10 |
494.6 |
|
Makkah |
7 |
134.9 |
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Loan Distribution by Sector |
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Sector |
No. of Loans |
Value (SAR mln) |
|
Industrial |
23 |
872.2 |
|
Energy |
1 |
2.9 |
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Loan Distribution by Industry |
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Industry |
No. of Loans |
Value (SAR mln) |
|
Engineering |
4 |
392.0 |
|
Consumer |
9 |
112.9 |
|
Chemical |
8 |
223.8 |
|
Building Materials |
2 |
143.5 |
|
Others |
1 |
2.9 |
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