According to www.gtreview.com, Saudi Arabia’s Public Investment Fund (PIF) has launched Tawrid Company for Financing Solutions, a digital supply chain finance platform operating under a permit from the Saudi Central Bank (Sama) in its regulatory sandbox.
Platform Launch and Regulatory Context
Tawrid began operations after receiving formal authorization from the Saudi Central Bank, which opened a public consultation on August 26 regarding draft rules for supply chain finance and supply chain finance intermediation across the kingdom. Stakeholders were granted 30 days to submit feedback on the proposed framework. The platform’s rollout aligns with PIF’s 2026–2030 strategy, which prioritizes expanding the Saudi private sector’s role in the fund’s projects and portfolio companies.
Banking Partners and Target Beneficiaries
Tawrid has signed binding agreements with three financial institutions: Gulf International Bank, Saudi National Bank, and Banque Saudi Fransi (BSF). It has also partnered with ROSHN Group, a local real estate developer, and Nesma & Partners, a contractor. The platform enables registered local banks to engage directly with registered suppliers, offering early settlement against approved invoices — a service specifically designed to support small and medium-sized businesses.
Strategic Rationale and Leadership Statement
According to Sultan Alsheikh, head of financial institutions in Mena investments at PIF, “Tawrid will make Saudi supply chains stronger and more resilient by further enabling companies to access financing and improve their liquidity management.” He added that “its supply chain financing products will enable businesses to operate with greater agility and efficiency, creating opportunities for the Saudi private sector in particular.” Financial services are positioned as an enabler of the six ecosystems outlined in PIF’s 2026–2030 strategy.
Source: gtreview.com
Compiled from international media by the SCI.AI editorial team.
