In a bold move to power up Saudi Arabia’s industrial sector, SIDF Investment Company (SIC) has teamed up with Lendo, the Kingdom’s leading Shariah-compliant debt crowdfunding platform, to roll out a SAR 200 million joint investment program. This initiative is tailor-made to support industrial small and medium enterprises (SMEs) through smart, fast, and sustainable financing solutions.
What’s the Big Idea?
The program is designed to provide working capital financing to industrial SMEs across Saudi Arabia—helping them grow, scale, and innovate without the typical financing bottlenecks.
It focuses on:
- ✅ Purchase order financing
- ✅ Invoice funding
- ✅ Receivables-based instruments
This approach ensures businesses get access to the capital they need, when they need it, using structured tools that are compliant with Islamic finance principles.
Why Industrial SMEs?
Industrial SMEs are a critical engine of economic growth, job creation, and innovation. However, many of them face challenges when trying to access traditional financing.
That’s where this program steps in—offering a Shariah-compliant, tech-powered solution that combines SIC’s institutional expertise with Lendo’s fintech agility.
Leaders Speak
Fahad bin Jamal Al-Naeem, CEO of SIC, emphasized:
“This partnership with Lendo reflects our vision to enable Saudi industrial growth through innovative, flexible investment solutions aligned with the National Industrial Strategy and Vision 2030.”
Osama Alraee, CEO & Co-Founder of Lendo, added:
“This is a major milestone for Lendo. We’re proud to go beyond invoice funding to empower Saudi manufacturers to grow with speed and sustainability.”
How It Works
The program is now live and accepting financing requests via the Lendo platform. Here’s what makes it stand out:
- Speed – Fast approvals and disbursements
- Governance – Structured, transparent financing aligned with Shariah principles
- Scalability – Financing that grows with the business
- Strategic Value – Backed by SIC, part of the Saudi Industrial Development Fund
It’s a model of public-private synergy—SIC brings strategic partnerships and deep industrial knowledge, while Lendo delivers digital innovation and real-time market insight.
About the Partners
- SIDF Investment Company (SIC)
A subsidiary of the Saudi Industrial Development Fund, SIC is focused on enabling private sector participation in Saudi Arabia’s key sectors like industry, mining, energy, and logistics. Its mission is to drive long-term industrial growth through investment innovation.
- Lendo
Launched in 2019 and licensed by SAMA, Lendo is the first Shariah-compliant debt crowdfunding platform in Saudi Arabia. With over SAR 3 billion in SME funding across 7,000+ transactions, Lendo is backed by Sanabil Investments (PIF) and continues to play a vital role in Vision 2030 by supporting local businesses.
Why This Matters
This SAR 200 million program represents more than just capital. It’s about:
- ✔ Empowering SMEs to scale up
- ✔ Diversifying Saudi Arabia’s economy
- ✔ Driving industrial innovation
- ✔ Supporting Vision 2030 goals
Through the fusion of fintech and public policy, SIC and Lendo are laying the groundwork for a stronger, more resilient industrial ecosystem in the Kingdom.