By the end of the first quarter of 2024, bank and finance company loans to small, medium, and micro enterprises in Saudi Arabia surged to approximately 293.4 billion riyals, marking a 16% increase from the same period in 2023.
Loan Facility Growth for Small, Medium, and Micro Enterprises:
| Loan Facilities (Billion Riyals) | 2023 | 2024 | Change |
| Q1 | 252.2 | 293.4 | +16% |
According to the Saudi Central Bank, loans from the banking sector amounted to 275.73 billion riyals, representing 94% of total facilities, while finance companies contributed 17.70 billion riyals, or 6%.
Loans by Sector:
| Period | Banking Sector | Finance Companies | Total |
| Q1 2018 | 87.84 | 7.83 | 95.68 |
| Q1 2024 | 275.73 | 17.70 | 293.43 |
Medium-sized enterprises received 56% of the total banking sector loans, amounting to 153.74 billion riyals by the end of Q1 2024. Small enterprises received 95.19 billion riyals.
Banking Sector Loans by Enterprise Size:
| Period | Micro | Small | Medium | Total |
| Q1 2024 | 26.80 | 95.19 | 153.74 | 275.73 |
Finance companies provided 8.26 billion riyals to small enterprises and 6.85 billion riyals to medium enterprises in Q1 2024.
Finance Company Loans by Enterprise Size:
| Period | Micro | Small | Medium | Total |
| Q1 2024 | 2.59 | 8.26 | 6.85 | 17.70 |
