Kafalah issues 1,900 financing guarantees worth SAR 4.8B in Q1 2025

Logo of Small and Medium Enterprises Loan Guarantee Program (Kafalah)

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) issued 1,900 financing guarantees for small and medium-sized enterprises, at a value of more than SAR 4.8 billion in the first quarter of 2025.

This translated to a growth of 19% in the three-month period from SAR 4 billion in Q1 2024.

According to the Saudi Press Agency, the value of credits amounted to more than SAR 3.4 billion, up 17% compared to SAR 2.9 billion.

As many as 1,610 SMEs benefited from the Kafalah program during the first quarter of 2025.

Since the launch of the program in 2006, until the end of Q1 2025, more than 67,700 guarantees were approved, benefiting more than 25,000 SME, with total funding exceeding SAR 115 billion.