Riyadh - Sharikat Mubasher: The Small and Medium Enterprises Loan Guarantee Program (Kafalah) issued over 5,447 loan guarantees by the end of the third quarter (Q3) of 2025, amounting to more than SAR 14 billion and showing an 8% increase compared to SAR 13 billion in Q3-24.
In a recent statement, the program revealed that the value of extended financing rose by 4% in Q3-25 to exceed SAR 10.6 billion compared to SAR 10 billion in Q3-24. Nearly 4,384 SMEs benefited from the program’s products in the same quarter.
Homam Hashem, CEO of the Kafalah program, affirmed that these figures underscore SMEs’ pivotal role in supporting the national economy and reflect their contribution to acheiving Vision 2030's goals.
Highlighting the program's efforts to help SMEs access financing and tackle obstacles, the CEO stated that the program has provided over 71,400 guarantees since its launch in 2006 until the end of Q3-25, benefitting more than 26,500 SMEs.
Through its various initiatives and programs, Kafalah plays a vital role in strengthening financing across strategic sectors, contributing to economic diversification and advancing the goals of Vision 2030.