SIDF Investment Company (SIC), in partnership with Tameed, a licensed debt crowdfunding platform, has announced launching the first of its kind institutional investment program in the Kingdom. The program aims to enable factories and small and medium industrial enterprises to obtain working capital loans to finance government or major private sector corporations purchase orders and receivables. The Program is meant to provide financing efficiently and in a well governed manner, in accordance with Saudi Central Bank regulations.
The program marks a transformative and innovative milestone in supporting promising industrial enterprises. It aims to address the financing gap faced by SMEs in the industrial sector by offering timely and structured access to short-term liquidity to sustain operating and production cycles.
Key Features of the Program:
- Fast and Flexible Financing:
The program enables qualified industrial enterprises to access the required liquidity within days through a dedicated digital platform, accelerating production cycles and ensuring continuity of operations. - Private Sector Participation:
The program combines SIC’s commitments as a developmental investment entity, along with the technical and financial expertise of Tameed, thereby creating attractive investment opportunities for private investors to participate in. - SME-Focused:
The program is specifically designed to meet the working capital needs of factories and industrial SMEs.
Mr. Fahad bin Jamal Al-Naeem, CEO of SIC, remarked program for being a major step in the financing of industrial enterprises and commented:
“This investment program represents a significant shift in how working capital needs are financed and enabled in the industrial sector. As it adds to the diversification of funding sources for industrial companies and provides SME with reliable and efficient access to liquidity, supporting their growth and sustainability to achieve the targeted national economic mandates and supporting the industrial sector in Saudi Arabia .”
Mr. Mohammed Al-Omayyer, Co-founder and CEO of Tameed, added:
“The support through a strategic investor as important as SIC is a testimony of the great confidence in our financing products and track record. Additionally, it enhances our ability to meet the growing demand for short-term financing solutions tailored to the industrial sector.”
The program is currently accessible. Eligible manufacturers and industrial companies can apply through Tameed’s digital platform and benefit from the platform’s efficient approval and disbursement processes. Private sector investors are also invited to participate in funding opportunities through the platform.
This collaborative investment model marks a milestone in the Kingdom’s industrial investment scene. It integrates strategic financing with technology innovation, especially since Tameed is the first licensed platform in Saudi Arabia dedicated to financing government-backed purchase orders for SMEs. The platform focuses on accelerating cash flow conversion cycles through efficient fintech solutions.
This strategic collaboration contributes to strengthening the industrial sector’s role in the national economy and supports the objectives of The National Strategy for Industry and Saudi Vision 2030.
