Saudi MSMEs receive SAR 218.7 bln credit facilities in Q1 2022

09/06/2022 Argaam Special
Saudi Arabian banknotes

Saudi Arabian banknotes


Credit facilities extended by the banking sector and financing companies in Saudi Arabia to micro-, small- and medium-sized enterprises (MSMEs) rose by 16% to nearly SAR 218.7 billion in Q1 2022, from SAR 188.43 billion in Q1 2021, data from the Saudi Central Bank (SAMA) showed.

 

The banking sector accounted for SAR 203.4 billion worth of credit facilities, or 93% of total credit facilities, while financing institutions provided SAR 15.3 billion, or 7%.

 

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

Period

2021

2022

Change

Q1

188.43

218.68

+16%

Q2

198.22

--

--

Q3

200.37

--

--

Q4

203.23

--

--

 

 The below table shows facilities extended to MSMEs by sector:

 

Facilities extended to MSMEs (SAR bln)

Period

Banking sector

Financing institutions

Total

Q1 2018

87.84

7.83

95.68

Q2 2018

93.60

7.66

101.26

Q3 2018

99.00

7.68

106.68

Q4 2018

100.76

7.76

108.52

Q1 2019

105.02

8.15

113.17

Q2 2019

105.16

7.87

113.03

Q3 2019

106.86

8.75

115.61

Q4 2019

107.97

9.38

117.35

Q1 2020

125.16

9.68

134.84

Q2 2020

147.40

10.64

158.04

Q3 2020

164.99

10.75

175.74

Q4 2020

170.35

11.89

182.24

Q1 2021

175.46

12.97

188.43

Q2 2021

184.76

13.46

198.22

Q3 2021

186.22

14.16

200.37

Q4 2021

188.59

14.64

203.23

Q1 2022

203.41

15.27

218.68

 
 

Medium-sized enterprises received SAR 135.5 billion, or 67% of Saudi banking sector’s facilities, while small-sized enterprises received around SAR 54.04 billion in Q1 2022.

 

Facilities extended by banking sector (SAR bln)

Enterprise

Micro

Small

Medium

Total

Q1 2018

4.22

22.01

61.62

87.84

Q2 2018

3.69

20.82

69.10

93.60

Q3 2018

3.97

21.80

73.22

99.00

Q4 2018

3.70

22.31

74.76

100.76

Q1 2019

2.87

22.98

79.17

105.02

Q2 2019

2.61

23.11

79.44

105.16

Q3 2019

3.05

22.97

80.84

106.86

Q4 2019

3.53

23.01

81.44

107.97

Q1 2020

3.78

27.47

93.92

125.16

Q2 2020

5.33

31.28

110.80

147.40

Q3 2020

6.20

37.26

121.54

164.99

Q4 2020

7.18

39.92

123.26

170.35

Q1 2021

8.34

39.67

127.45

175.46

Q2 2021

8.47

44.18

132.11

184.76

Q3 2021

11.14

45.08

129.99

186.22

Q4 2021

9.37

50.59

128.64

188.59

Q1 2022

13.83

54.04

135.54

203.41

 

Meanwhile, small-sized enterprises received SAR 7.22 billion of financing institutions' facilities in Q1 2022, while medium-sized enterprises received around SAR 4.90 billion in the same period.

 

Facilities extended by financing institutions (SAR bln)

Enterprise

Micro

Small

Medium

Total

Q1 2018

1.45

3.00

3.38

7.83

Q2 2018

1.37

2.91

3.38

7.66

Q3 2018

1.39

2.98

3.32

7.68

Q4 2018

1.21

3.21

3.34

7.76

Q1 2019

1.11

3.47

3.57

8.15

Q2 2019

1.07

3.60

3.20

7.87

Q3 2019

1.29

3.83

3.63

8.75

Q4 2019

1.69

3.81

3.88

9.38

Q1 2020

1.74

4.23

3.71

9.68

Q2 2020

2.03

4.76

3.85

10.64

Q3 2020

1.86

5.17

3.73

10.75

Q4 2020

2.51

5.18

4.19

11.89

Q1 2021

2.79

5.63

4.55

12.97

Q2 2021

2.70

6.10

4.66

13.46

Q3 2021

2.77

6.61

4.78

14.16

Q4 2021

2.94

6.77

4.93

14.64

Q1 2022

3.15

7.22

4.90

15.27

 

Detail and Historical Data for Key Indices and Banks’ Comparisons

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