Mohammed ElKuwaiz, CMA Chairman
The volume of financing provided through Nomu-Parallel Market since its launch in 2017 reached approximately SAR 8 billion, which reflects the growing role of the capital market in enabling SMEs to access diverse financing tools, CMA Chairman Mohammed ElKuwaiz said at a panel session during the Finance Week. 
ElKuwaiz stressed that financing channels in the Kingdom have witnessed qualitative development over the past 10 years, thus helping build an integrated and multi-channel financing ecosystem that is no longer limited to traditional sources.
He noted that the capital market has become one of the main enablers of diversifying financing options and enhancing their efficiency.
Moreover, Elkuwaiz said financing funds are among the modern tools that have contributed to diversifying financing options and raising market efficiency, thereby enhancing companies’ ability to choose the financing solutions most suitable for their different growth stages.
He also pointed out that the debt market in the Kingdom has been witnessing rapid growth in recent years, reflecting the depth and development of the capital market, and providing additional financing channels that support the sustainability and expansion of companies.
“Financial awareness represents a key element in supporting the sustainability and stability of companies by enabling entrepreneurs to make more efficient and informed financing decisions. There is growing national support received by the SMEs sector, which helps expand financing opportunities and strengthen its presence in the market, in line with the objectives of Saudi Vision 2030,” he said.
The Finance Week is organized by the Small and Medium Enterprises General Authority (Monshaat) in cooperation with the SME Bank.
Mohammed ElKuwaiz, CMA Chairman
The volume of financing provided through Nomu-Parallel Market since its launch in 2017 reached approximately SAR 8 billion, which reflects the growing role of the capital market in enabling SMEs to access diverse financing tools, CMA Chairman Mohammed ElKuwaiz said at a panel session during the Finance Week.
ElKuwaiz stressed that financing channels in the Kingdom have witnessed qualitative development over the past 10 years, thus helping build an integrated and multi-channel financing ecosystem that is no longer limited to traditional sources.
He noted that the capital market has become one of the main enablers of diversifying financing options and enhancing their efficiency.
Moreover, Elkuwaiz said financing funds are among the modern tools that have contributed to diversifying financing options and raising market efficiency, thereby enhancing companies’ ability to choose the financing solutions most suitable for their different growth stages.
He also pointed out that the debt market in the Kingdom has been witnessing rapid growth in recent years, reflecting the depth and development of the capital market, and providing additional financing channels that support the sustainability and expansion of companies.
“Financial awareness represents a key element in supporting the sustainability and stability of companies by enabling entrepreneurs to make more efficient and informed financing decisions. There is growing national support received by the SMEs sector, which helps expand financing opportunities and strengthen its presence in the market, in line with the objectives of Saudi Vision 2030,” he said.
The Finance Week is organized by the Small and Medium Enterprises General Authority (Monshaat) in cooperation with the SME Bank.
