Abdul Latif Jameel Finance Wins Double at Saudi MSME Awards 2025

Editorial Team

Last updated 13-11-2025

3 min

Abdul Latif Jameel Finance won two prestigious awards at the Biban Forum 2025 in Riyadh.

The company was recognised for its significant role in MSME funding in Saudi Arabia.

CEO Dr.

Khalid Alsharif highlighted the firm's dedication to Vision 2030 goals.

Over 294,000 MSMEs have received funding, totalling more than SAR 4,2 billion.

Such initiatives are vital for supporting Saudi Arabia’s entrepreneurial ecosystem.

Abdul Latif Jameel Finance has bagged not one but two awards from Monsha’at during the Biban Forum 2025 in Riyadh — quite the feather in its cap, I’d say. The company, which is regulated by the Saudi Central Bank (SAMA), was named both “The Leading Non-Bank Financial Institution for MSME Funding in 2024” (for the second consecutive year, no less) and “The Highest Growing Non-Bank Financial Institution for MSME Funding in 2024.” Not bad going at all.

These awards, presented by the General Authority for Small and Medium Enterprises, recognise the company’s role in improving access to finance for smaller businesses in Saudi Arabia. And let’s be honest, that’s no small feat. With the Kingdom pushing hard towards Vision 2030, supporting micro, small, and medium enterprises (MSMEs) isn’t just about good business—it’s about shaping the future economy.

Dr. Khalid Alsharif, the CEO of Abdul Latif Jameel Finance, noted that the recognition reflected the firm’s “unwavering commitment to empowering entrepreneurs, supporting business sustainability, and contributing to Vision 2030.” Fair enough, and I reckon he’s spot on there. It’s one thing to talk about helping startups, but it’s another to actually move the needle.

And the figures tell their own story: over 294,000 MSMEs have been funded by the company so far, totalling more than SAR 4.2 billion across industries like tech, tourism, entertainment, crafts, and production. That’s a big helping hand for businesses trying to scale up or survive those tricky early years.

From what I’ve seen in the MENA scene—especially through Arageek’s work with startups—it’s efforts like these that often make all the difference. Financial inclusion might sound like a buzzword, but when it translates into real opportunities for small business owners, that’s when you know something’s working. On the flip side, scaling access to financing is still a bit of a faff for many entrepreneurs, but signs like this are promising.

Personally, I’m quite chuffed to bits seeing local financial institutions step up and innovate. Abdul Latif Jameel Finance seems keen to keep that momentum, pushing out more tailored financial options for Saudi businesses. And well… I mean, if they can maintain this pace, the country’s entrepreneurial ecosystem is definately headed in the right direction.

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