SIC Partners with Lendo to Fund Saudi Industrial SMEs with a $53M Program

Osama Alraee (Lendo) and Fahad bin Jamal Al-Naeem (SIC)

The SIDF Investment Company (SIC), in partnership with Lendo, one of the Kingdom’s leading Shariah-compliant debt-based crowdfunding platforms in fintech sector and licensed by the Saudi Central Bank, has launched a groundbreaking investment program worth up to SAR 200 million (~USD 53 million). The program is designed to provide fast, governed, and sustainable working capital financing for small and medium-sized industrial enterprises (SMEs) across Saudi Arabia.

This initiative represents a continuation of SIC’s institutional efforts to diversify funding sources within the industrial sector. The program offers a wide range of financing solutions, including but not limited to purchase order financing, invoice financing, and receivables-based funding. It reflects an innovative approach to bridging the industrial financing gap through flexible and alternative financial tools aligned with the evolving landscape of Saudi Arabia’s alternative finance market.

The partnership also sets a new benchmark for public-private collaboration. Lendo’s advanced technology platform and deep market expertise enable efficient delivery of alternative financing tools that empower industrial SMEs to expand operations rapidly and sustainably. At the same time, SIC brings its institutional investment capabilities, strategic partnerships, and governance standards to enhance investor confidence and expand private sector participation in industrial financing instruments.

Commenting on the partnership, Mr. Fahad bin Jamal Al-Naeem, CEO of SIC, stated:

“This partnership with Lendo is a practical reflection of our vision to unlock access to alternative financial tools that support the growth of Saudi industrial companies especially SMEs. We remain committed to enabling the national industrial sector through innovative, flexible, and well-governed investment solutions that address financing challenges and accelerate expansion and innovation in alignment with the National Industrial Strategy and Vision 2030”.

Mr. Osama Alraee, CEO and Co-Founder of Lendo, added:

“Partnering with SIC marks a strategic milestone that reinforces Lendo’s role as a key enabler of industrial financing. Our joint program goes beyond invoice financing it covers a wide range of financeable assets, significantly enhancing the readiness of Saudi manufacturers to grow rapidly and sustainably”.

The program is now live, with eligible factories and industrial SMEs able to submit financing requests directly through the Lendo platform. This initiative stands as a prime example of institutional collaboration that brings together the robustness of the industrial ecosystem and the agility of financial technology to empower SMEs, boost productivity, foster innovation, and create industrial employment across the Kingdom.

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