"PIF" Launches "Tawreed" Company to Provide Supply Chain Financing Products in Saudi Arabia

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The Public Investment Fund (PIF) announced today, Sunday, the launch of "Tawreed for Financing Solutions," an innovative digital platform specializing in providing supply chain financing products for companies in the Saudi market.

"Tawreed" has obtained a license from the Saudi Central Bank (SAMA) to begin testing its operations under the regulatory sandbox.

According to the fund's statement, financial services are a strategic enabler for the six economic systems recently announced by the Public Investment Fund as part of its strategic objectives for the period 2026-2030.

Supply chain financing products help companies meet the essential financing needs for their activities. The services of the digital platform "Tawreed" will contribute to enhancing the role of the local private sector, particularly small and medium-sized enterprises.

"Twareed" will work on building links between buyers, suppliers, and financing entities through its digital platform, and will provide various financing products; including early repayment of receivables issued under approved invoices, to contribute to enabling companies to expand their businesses and improve working capital efficiency and liquidity management.

The launch of "Twareed" aligns with the Public Investment Fund's strategy to enhance the participation of the Saudi private sector in the Fund's projects and portfolio companies, and to increase its contribution to the local economy. Its digital platform will enable registered local banks on the platform to access registered suppliers, thereby enhancing supply chains and supporting the diversification of financial services in the Kingdom and the digitization of trade.

Investing in supply chain financing is a natural development of the Fund's efforts to continue developing and strengthening the robust supply chains present in the Saudi market.

The Fund has worked to increase opportunities for local suppliers to develop their capabilities, in line with the Fund's strategic objectives to enhance private sector participation and empower it to contribute to diversifying the economy and increasing the strength of local supply chains based on modern technologies.

Sultan Al Sheikh, Director of the Financial Institutions Sector at the Public Investment Fund's General Investment Administration in the Middle East and North Africa, said: "Twareed will contribute to enhancing local supply chains and increasing their resilience by enhancing companies' ability to access financing and improving their cash flow management."

The company will work on providing supply chain financing solutions, enabling companies to operate with higher efficiency and flexibility, and allowing for more opportunities for the local private sector.

"Tawreed" has commenced its activities and signed binding agreements with a number of local banks and companies, including Gulf International Bank - Saudi Arabia, National Commercial Bank, Saudi French Bank, Roshn Group, and Nesma and Partners.

The Public Investment Fund is considered one of the most influential investment entities in the world, working to empower new sectors and opportunities that contribute to shaping the future of the global economy, achieving returns, and driving economic transformation in the Kingdom.