Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) released updated figures highlighting the continued expansion of Saudi Arabia’s financing sector, with total credit granted reaching approximately SAR 113 billion. The data shows the sector has recorded a compound annual growth rate of 13% since 2020, reflecting rising demand for non-bank financing solutions across the Kingdom.

According to SAMA, the number of licensed finance companies has climbed to 70, representing an increase of more than 70% compared to 2020. This growth points to a rapidly maturing financing ecosystem and increased competition within the market.

Individuals continue to dominate the financing portfolio, accounting for SAR 87 billion, or 77% of total credit. Financing directed to micro, small, and medium enterprises exceeded SAR 21 billion, representing 19%, while corporate financing stood at around SAR 5 billion, accounting for the remaining 4%.

In terms of funded activities, personal financing led the portfolio with more than SAR 38 billion, followed by real estate financing—both residential and commercial—at over SAR 30 billion. Vehicle financing also remained a key segment, exceeding SAR 27 billion, underscoring strong consumer demand across multiple financing categories.