PIF launches Tawrid to boost supply-chain financing in Saudi Arabia

Saudi Arabia’s Public Investment Fund (PIF) has launched Tawrid Co. for Financing Solutions, a digital platform providing supply-chain financing products as the sovereign wealth fund seeks to expand private-sector participation and strengthen domestic supply chains. Tawrid has received a permit from the Saudi Central Bank (SAMA) to operate within its regulatory sandbox.

The platform connects buyers, suppliers and funders and offers products including early settlement against approved invoices. PIF said the services are intended to help businesses improve working capital efficiency, manage liquidity, and support expansion.

The launch comes as Saudi Arabia seeks to increase access to financing for small and medium-sized enterprises. The Financial Sector Development Program has set a target for SME loans to account for 20% of total bank lending by 2030. IMF data show the share stood at 11% in 2025.

Tawrid also forms part of PIF’s 2026-2030 strategy, which places greater emphasis on private-sector participation and six domestic ecosystems. The fund said the strategy is intended to create opportunities for local companies to participate as investors, partners and suppliers.

Sultan Alsheikh, head of Financial Institutions in MENA Investments at PIF, said the platform would give companies greater access to financing and support liquidity management.

“Tawrid will make Saudi supply chains stronger and more resilient by further enabling companies to access financing and improve their liquidity management.”

He added: “Its supply-chain financing products will enable businesses to operate with greater agility and efficiency, creating opportunities for the Saudi private sector in particular.”

Tawrid has already started operations and signed binding agreements with Gulf International Bank, Saudi National Bank, Banque Saudi Fransi, ROSHN Group and Nesma & Partners. Local banks registered on the platform will be able to connect with registered suppliers through its digital network.

The launch comes alongside broader efforts to expand financing options for Saudi SMEs. Monsha’at and STC Bank recently signed an agreement to provide up to $1.33 billion in Shariah-compliant financing to micro, small and medium-sized enterprises, including supply-chain and invoice financing.

SAMA also launched a public consultation on draft rules for supply-chain finance and intermediation on August 26. The proposed framework would establish standards and procedures for activities in the sector.

Tawrid was admitted to SAMA’s regulatory sandbox in September 2025, alongside Manafa for Debt-Based Crowdfunding, to test supply-chain financing solutions.

PIF said its investment in supply-chain financing builds on efforts to expand opportunities for local suppliers and support the development of domestic capabilities as Saudi Arabia seeks to deepen private-sector participation and diversify its economy.