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SIDF wins the Middle East Technology Excellence Award for the Year 2023
"The Saudi Industrial Development Fund (SIDF) has won the Middle East Technology Excellence Award for the year 2023 in the category of ""Financial Services Automation"". This award recognizes the development and improvement of external customer system and portal (Lending Platform), mobile application, and the enhancement of the user experience.
SIDF's continuous efforts to adopt and utilize the latest digital solutions innovatively have led to this achievement, maintaining its institutional excellence. As a result of these efforts, there has been a significant increase in beneficiary satisfaction, reaching 74%, which is a 13% increase from the previous year. The loan acquisition procedure has been sped up by 53%, and the total loan acquisition time has been cut in half to just four months, while contract signing time decreased by 85%.
This award reaffirms the success of SIDF's digital transformation journey, which began in 2019 and involved the use of modern technologies such as cloud computing, robotic process automation, and others."
SIDF's continuous efforts to adopt and utilize the latest digital solutions innovatively have led to this achievement, maintaining its institutional excellence. As a result of these efforts, there has been a significant increase in beneficiary satisfaction, reaching 74%, which is a 13% increase from the previous year. The loan acquisition procedure has been sped up by 53%, and the total loan acquisition time has been cut in half to just four months, while contract signing time decreased by 85%.
This award reaffirms the success of SIDF's digital transformation journey, which began in 2019 and involved the use of modern technologies such as cloud computing, robotic process automation, and others."
Last Modified Date: 12/28/2025 - 06:43 PM Saudi Arabia Time
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