Fintech lending to Saudi industrial projects surges 130% in H1 2026
Lending by fintech firms to Saudi industrial projects hit 541 million riyals in H1 2026, a 130% increase year-on-year, the Ministry of Industry announced.
The Ministry of Industry and Mineral Resources in Saudi Arabia reported a significant surge in lending by fintech firms to industrial projects, reaching 541 million riyals in the first half of 2026. This represents a remarkable 130% increase compared to the same period in the previous year, which saw total loans amount to 234 million riyals.
The ministry attributes this growth to strategic partnerships with several prominent Saudi fintech companies, including Tamyeed, Tarmeez Financial, Dinar, Forus, Yanal, Sukuk, and Lendo. The number of partnered firms has expanded from three in 2025 to seven in the current period. These collaborations aim to provide flexible and innovative financing solutions that help industrial enterprises maintain production, expand operations, and address financing challenges.
The ministry has also organized workshops to educate entrepreneurs and industrial investors about the available financing options. Additionally, the ministry has expanded its partnerships with fintech firms, sharing its factory database with solution providers to enhance access to financial services tailored to the specific needs of industrial companies.
This initiative aligns with Saudi Vision 2030, which seeks to maximize the impact of industry as a cornerstone for diversifying the national economy and establishing the Kingdom as a leading industrial power.
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