SIDF News

SIDF Investment Company (SIC), in partnership with Tameed, a licensed debt crowdfunding platform, has announced the launch of a pioneering institutional investment program, the first of its kind in the Kingdom. The program aims to provide working capital financing for small and medium-sized industrial enterprises (SMEs) that have received government purchase orders, or major private sector corporations, to finance their accounts receivable and enhance their liquidity. The Program is well governed in accordance with SAMA regulations.

This initiative marks a transformative and innovative approach to supporting promising industrial businesses. It seeks to address the financing and liquidity gaps faced by SMEs and their long cash conversion cycle with companies operating within the industrial sector by offering timely and structured access to short-term liquidity to sustain high production utilization and operating capacity.

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 and minimizing cash shortages.

Private Sector Participation:
The program combines SIC's commitments as a development investment entity, along with the technical and financial expertise of Tameed, thereby creating attractive structured investment opportunities for private investors and fostering a promising exposure to the sector.

SME-Centric Focus:
The program is designed and dedicated to meet the working capital needs of small and medium-sized manufacturers/factories and firms operating within the industrial sectors.

Mr. Fahad bin Jamal Al-Naeem, CEO of SIC, 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 It provides SME manufacturers with reliable and efficient access to operational liquidity in an effective manner, supporting their growth and sustainability to achieve the targeted national economic mandates and supporting the industrial sector base 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 previous experiences, and it also allows and enhances our ability to meet the growing demand for short-term financing solutions tailored to the industrial sector."

The program is open and accessible for immediate implementation. Eligible manufacturers and industrial companies can apply through Tameed's digital platform and benefit from the platform's efficient and expedited 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 financial technology innovation, especially since Tameed is the first SAMA-licensed platform in Saudi Arabia dedicated to financing government-backed purchase orders for SMEs. The platform focuses on accelerating cash flow conversion cycles through high-efficiency fintech solutions.

This strategic collaboration contributes to strengthening the industrial sector's role in the national economy and supports the objectives of the National Industrial Strategy and Saudi Vision 2030.