Empowering small businesses in Saudi Arabia with enhanced access to funding

Saudi Arabia is home to a thriving small business landscape. According to its Small and Medium Enterprises General Authority (Monsha’at), there are over 1.3 million SMEs registered in the Kingdom.

Recognizing the important role of small businesses as key drivers of the economy, we have joined forces with Riyad Bank to offer SMEs in Saudi Arabia timely access to crucial funding. Together, we have introduced a unique three-tier credit card program that provides micro, small and medium enterprises (MSMEs) with innovative financial solutions they need to grow and thrive.

The Mastercard NMOO Executive credit card enables MSMEs to enhance their businesses by streamlining cashflow management, improving inventory procurement and simplifying supplier payments. The Mastercard NMOO Business credit card offers access to the Easy Savings Specials Marketplace and the Management Subscription Platform, while the Mastercard NMOO World credit card supports investors, business leaders and startup founders with direct guidance and competitive rates. Each of these products has flexible limits, empowering small businesses to bridge financing gaps and take control of their financial future. 

The launch marks the latest step in our joint efforts to serve MSMEs of all types and sizes across diverse sectors. In line with Vision 2030 and the National Transformation Program, our collaboration aims to help strengthen Saudi Arabia’s MSME infrastructure, curating an extensive range of modern financial solutions that will prime enterprises across the Kingdom for lasting success.

By introducing responsive offerings that cater to the full scope of small businesses’ evolving needs in a rapidly changing global economy, we are enabling MSMEs to unlock their full potential and increase their contribution to the GDP. We look forward to expanding this first-of-its-kind program to more companies across the Kingdom and supporting them in achieving their goals.