PIF Introduces Tawrid to Support Supply-Chain Financing Growth
Saudi Arabia’s Public Investment Fund has launched Tawrid Co. for Financing Solutions, a digital platform offering supply-chain financing products, as the sovereign wealth fund works to deepen private-sector participation and strengthen local supply chains.
Tawrid connects buyers, suppliers and funders through a single digital platform, offering products such as early settlement against approved invoices. According to a PIF statement, the goal is to help companies improve working-capital efficiency, manage liquidity more effectively, and expand their operations.
The launch comes as Saudi Arabia works to broaden financing access for small and medium-sized enterprises. The Kingdom’s Financial Sector Development Program has set a target of raising SMEs’ share of bank financing to 20 percent by 2030, up from 11 percent in 2025, according to the latest IMF data. Tawrid also fits within PIF’s 2026-2030 strategy, which places greater weight on private-sector participation and the development of six competitive domestic ecosystems, with the aim of creating opportunities for the local private sector as an investor, partner and supplier.
Sultan Alsheikh, head of Financial Institutions in MENA Investments at PIF, said Tawrid is designed to make Saudi supply chains stronger and more resilient by giving companies better access to financing and stronger liquidity management tools. He added that the platform’s supply-chain financing products should allow businesses to operate with greater agility and efficiency, creating particular opportunities for the Saudi private sector.
Tawrid has already begun operations and signed binding agreements with several local banks and companies, including Gulf International Bank, Saudi National Bank and Banque Saudi Fransi, along with ROSHN Group and Nesma & Partners. PIF said the investment builds on its broader efforts to strengthen the growth and resilience of Saudi supply chains, expand opportunities for local suppliers, and encourage capability development as part of a wider strategy to support a more diversified, technology-enabled economy.
The launch adds to a broader expansion of financing options for Saudi small businesses. Earlier this month, Monsha’at and STC Bank signed an agreement to provide up to 5 billion riyals, roughly 1.33 billion dollars, in Shariah-compliant financing to micro, small and medium-sized enterprises, including supply-chain and invoice financing. It also follows the Saudi Central Bank’s August 26 launch of a public consultation on draft rules for supply-chain finance and intermediation, intended to set standards and procedures governing the sector as it grows in the Kingdom. The central bank first admitted Tawrid to its regulatory sandbox in September 2025, alongside Manafa for Debt-Based Crowdfunding, to test supply-chain finance solutions.
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