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Saudi MSMEs receive SAR 275.7B credit facilities in 2023
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Content Summary: 
Saudi Arabian banknotes
Credit facilities extended to micro, small, and medium enterprises (MSMEs) rose by 20% year-on-year (YoY) to almost SAR 275.7 billion by the end of 2023, data from the Saudi Central Bank (SAMA) showed.
For more economic data on Argaam tools
The following table shows developments in credit facilities provided to MSMEs by 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 |
229.03 |
+13% |
|
2023 |
275.66 |
+20% |
The financing offered by the banking sector reached SAR 258.3 billion, representing 94% of the total facilities. Meanwhile, the financing institutions offered SAR 17.4 billion, or 6% of the total.
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 |
|
229.03 |
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 |
|
275.66 |
17.37 |
258.30 |
Q4 2023 |
Medium enterprises accounted for SAR 151.9 billion, or 59% of Saudi banks' facilities, while small enterprises held around SAR 84.1 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 |
|
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 2023 |
|
258.30 |
151.89 |
84.09 |
22.32 |
Q4 2023 |
Small enterprises received SAR 8.23 billion of the total facilities offered by financing institutions in 2023, while medium enterprises received around SAR 6.52 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 |
|
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 |
|
17.37 |
6.52 |
8.23 |
2.61 |
Q4 2023 |
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