Saudi MSMEs receive SAR 188.4 bln credit facilities in Q1 2021

08/07/2021 Argaam

Saudi Riyals


Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 40% year-on-year (YoY) to SAR 188.4 billion in Q1 2021, data from the Saudi Central Bank (SAMA) showed.

 

Banks accounted for SAR 175.5 billion worth of credit facilities, or 93% of total financing. Facilities given by financing institutions stood at SAR 13 billion, or 7% of total credit facilities.

 

Facilities provided to MSMEs by banks and financing institutions (SAR bln)

Variation

2021

2020

Period

+40%

188.43

134.84

Q1

--

--

158.04

Q2

--

--

175.74

Q3

--

--

182.24

Q4

 

Facilities extended to MSMEs (SAR bln)

Variation

Financing Institutions

Banks

Period

95.68

7.83

87.84

Q1 2018

101.26

7.66

93.60

Q2 2018

106.68

7.68

99.00

Q3 2018

108.52

7.76

100.76

Q4 2018

113.17

8.15

105.02

Q1 2019

113.03

7.87

105.16

Q2 2019

115.61

8.75

106.86

Q3 2019

117.35

9.38

107.97

Q4 2019

134.84

9.68

125.16

Q1 2020

158.04

10.64

147.40

Q2 2020

175.74

10.75

164.99

Q3 2020

182.24

11.89

170.35

Q4 2020

188.43

12.97

175.46

Q1 2021

 

Medium enterprises accounted for SAR 127.5 billion, or 73% of Saudi banks' facilities, while small enterprises share stood at around SAR 39.7 billion in the first quarter of the year.

 

Facilities Extended by Banks (SAR bln)

Total

Medium

Small

Micro

Enterprise

87.84

61.62

22.01

4.22

Q1 2018

93.60

69.10

20.82

3.69

Q2 2018

99.00

73.22

21.80

3.97

Q3 2018

100.76

74.76

22.31

3.70

Q4 2018

105.02

79.17

22.98

2.87

Q1 2019

105.16

79.44

23.11

2.61

Q2 2019

106.86

80.84

22.97

3.05

Q3 2019

107.97

81.44

23.01

3.53

Q4 2019

125.16

93.92

27.47

3.78

Q1 2020

147.40

110.80

31.28

5.33

Q2 2020

164.99

121.54

37.26

6.20

Q3 2020

170.35

123.26

39.92

7.18

Q4 2020

175.46

127.45

39.67

8.34

Q1 2021

 

Small enterprises accounted for SAR 5.63 billion of financing institutions' facilities, with medium enterprises representing around SAR 4.55 billion in the same period.

 

Facilities Extended by Financing Institutions (SAR bln)

Total

Medium

Small

Micro

Enterprise

7.83

3.38

3.00

1.45

Q1 2018

7.66

3.38

2.91

1.37

Q2 2018

7.68

3.32

2.98

1.39

Q3 2018

7.76

3.34

3.21

1.21

Q4 2018

8.15

3.57

3.47

1.11

Q1 2019

7.87

3.20

3.60

1.07

Q2 2019

8.75

3.63

3.83

1.29

Q3 2019

9.38

3.88

3.81

1.69

Q4 2019

9.68

3.71

4.23

1.74

Q1 2020

10.64

3.85

4.76

2.03

Q2 2020

10.75

3.73

5.17

1.86

Q3 2020

11.89

4.19

5.18

2.51

Q4 2020

12.97

4.55

5.63

2.79

Q1 2021

 

For more data, visit Argaam Tools

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