Riyadh, Kingdom of Saudi Arabia – May 19, 2025 – The Saudi Industrial Investment Fund Company, in partnership with Lendo, one of the Kingdom’s leading Shariah-compliant debt crowdfunding platforms, has launched an innovative investment program worth up to SAR 200 million. The initiative aims to provide fast, sustainable, and controlled working capital financing for small and medium-sized enterprises (SMEs) operating in the industrial sector across Saudi Arabia.
This strategic program is an extension of the Saudi Industrial Investment Fund Company’s commitment to expanding and diversifying funding sources within the industrial ecosystem. The program offers a wide range of financing products, including purchase order financing, commercial invoice financing, and outstanding claims, among others—reflecting a forward-thinking approach to closing the financing gap for SMEs through alternative financial solutions aligned with developments in the Kingdom’s fintech landscape.
The collaboration between the Saudi Industrial Investment Fund Company and Lendo represents a model of effective public-private partnership. Lendo’s advanced digital platform and deep market insights are key to enabling industrial companies to access alternative funding efficiently, while the Fund brings its institutional investment capacity, strategic partnerships, and sector expertise to amplify the program’s reach and credibility.
Mr. Fahad bin Jamal Al-Naim, CEO of the Saudi Industrial Development Fund, commented:
“This partnership with Lendo represents a practical model for our vision of facilitating access to alternative financing tools that support the growth of industrial companies, particularly small and medium-sized enterprises. We are committed to empowering the Saudi industrial sector through innovative, flexible, and highly governed investment solutions that help overcome financing challenges and accelerate the pace of expansion and innovation, in line with the objectives of the National Industrial Strategy and Saudi Vision 2030.”
Mr. Osama Al-Raei, CEO and Co-Founder of Lendo, added:
“This partnership with the Saudi Industrial Investment Fund Company is a strategic step that strengthens Lendo’s position as a key enabler of industrial financing. Our joint program goes beyond invoice financing, covering a wide spectrum of bankable assets, and making a real difference in the readiness of Saudi factories and their ability to grow rapidly and sustainably.”
The program is now live, and industrial SMEs can submit financing applications directly via the Lendo platform. The initiative stands as a landmark collaboration that merges institutional support with digital innovation—aimed at bolstering SME contributions to the national economy, increasing productivity, driving innovation, and generating employment opportunities in the industrial sector.
About the Saudi Industrial Investment Fund Company
The Saudi Industrial Investment Fund was established to accelerate industrial development in the Kingdom by promoting private sector participation in strategic, innovative projects. It focuses on key sectors such as industry, mining, energy, and logistics, aiming to build a comprehensive and sustainable industrial ecosystem.
About Lendo
Founded in 2019 through the Saudi Central Bank’s regulatory sandbox, Lendo is the first Shariah-compliant debt crowdfunding platform licensed by SAMA. It connects qualified companies seeking short-term financing with investors seeking attractive returns. With more than SAR 3 billion disbursed across 7,000+ transactions and over SAR 200 million in investor returns, Lendo—backed by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund—plays a vital role in supporting SME growth and contributing to Vision 2030’s economic diversification goals.
