Small, medium and micro enterprises received financing facilities from the banking sector during the past year 2019 worth 117.26 billion riyals, while the financing of these enterprises in 2018 amounted to about 108.52 billion riyals.
The banking sector provided 92.08 % of facilities, while finance companies accounted for 7.92% of the granted facilities. Bank financing was distributed as follows: 81.44 billion riyals to medium-sized enterprises, 23 billion riyals to small enterprises, and 3.53 billion riyals to micro enterprises.
Medium-sized enterprises (SMEs) received the majority of the available facilities, accounting for 72.6 billion riyals (%) of the total. They obtained financing from the banking sector and corporations totaling SAR 85.16 billion by the end of 2019, while small enterprises received facilities worth SAR 26.96 billion, and micro-enterprises received financing of SAR 5.15 billion.
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