Money and business
329.2 billion riyals facilities for small and medium enterprises in Saudi Arabia
The General Authority for Small and Medium Enterprises (facilities) revealed the high volume of facilities provided by banks and financing companies for small and medium enterprises in Saudi Arabia, to 329.2 billion riyals during the third quarter of 2024, compared to 275.6 billion riyals in the fourth quarter of 2023, an increase of 19%. "Facilities" For 2024, financing guarantees exceeded the program "Sponsorship" The barrier of 100 billion riyals in partnership with the various financing bodies. Main achievements behind the growth achieved during the last year. About 257 billion riyals, compared to 230 billion riyals in the previous year 2023.
Markets and commercial privileges The annual report of (facilities) showed that 15 thousand investment opportunities through the commercial concession, with the readiness of 522 marks to obtain the concession, were achieved, while local brands recorded 38%growth. With regard to the Saudi stock market, 28 companies have been included in the parallel market index (growth), as well as 1,400 facilities joined the program "ambitious". In addition, the authority’s activation of international expansion programs, and the launch of a prize "Invent" To motivate entrepreneurs and creators. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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