RIYADH: Financing provided by fintech companies to industrial projects in Saudi Arabia surged 130 percent year-on-year to SR541 million in the first half of 2026, up from SR234 million during the same period in 2025, according to the Ministry of Industry and Mineral Resources.
The ministry attributed the significant increase to a series of measures aimed at expanding access to financing for industrial companies and strengthening collaboration between the industrial sector and fintech firms.
As part of these efforts, the ministry conducted executive workshops on available industrial financing tools, helping industrial companies better understand and access financing products offered through fintech platforms.
The ministry also expanded its partnerships with fintech companies to increase both the number and volume of financing products available to industrial businesses.
In addition, it enhanced the sharing of industrial data with fintech companies and continued to monitor the financing requirements of industrial companies to help align available financial products with market needs.
The number of fintech companies providing financing to industrial projects also more than doubled, rising from three in H1 2025 to seven in H1 2026.
The fintech companies contributing to industrial financing include Tameed, Tamra Capital, Lendo and Sukuk Capital, among others.
The growth highlights the expanding role of fintech companies in supporting Saudi Arabia’s industrial sector by broadening access to alternative financing channels and contributing to the Kingdom’s wider efforts to accelerate industrial development and financial innovation.
