PIF launches Tawrid platform in Saudi Arabia — Asharq Al-Awsat
Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 the launch of Tawrid Company for Financing Solutions, a digital platform for supply chain financing in the Saudi market. The company has received authorization from the Saudi Central Bank to operate within the Sandbox regulatory environment, Asharq Al-Awsat reports.
Financing for supply chain participants
The Tawrid platform is intended to connect buyers, suppliers and financiers. Its products include the option of early settlement of approved invoices. PIF believes this will enable companies to expand operations, use working capital more efficiently and improve liquidity management.
According to the Saudi Press Agency, Tawrid’s digital financial services are expected to strengthen Saudi Arabia’s private sector, particularly small and medium-sized businesses. Banks registered in the platform’s network will be able to interact with registered suppliers. PIF links the service to supply chain development, trade digitalization and the diversification of financial services in the country.
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Tawrid’s first agreements
Tawrid has already begun operations and signed binding agreements with local banks and companies. Its partners include Gulf International Bank, Saudi National Bank, Banque Saudi Fransi, ROSHN Group and Nesma & Partners.
Sultan Al-Sheikh, head of financial institutions at MENA Investments in PIF, said the platform is intended to strengthen the resilience of Saudi supply chains by expanding companies’ access to financing and improving liquidity management. According to him, Tawrid’s products will allow businesses to operate more flexibly and efficiently.
The platform’s launch aligns with PIF’s 2026–2030 strategy. The fund seeks to increase the private sector’s contribution to its projects and the activities of portfolio companies, as well as expand the private sector’s share in the local economy.
