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SNB Launches New SME Financing platform with Tarabut and Geidea
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SNB Launches New SME Financing platform with Tarabut and Geidea. Image: Left to Right - Mr Abdulla Almoayed, CEO and Founder of Tarabut and Mr Saud Abdulaziz Bajbair, Retail Business Group Head at SNB
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Sep 22, 2025-- Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution for small and medium enterprises (SMEs). The solution is powered by Tarabut, MENA’s leading regulated financial technology platform, and delivered through Geidea, one of Saudi Arabia’s leading payment solutions providers. This initiative remains subject to all necessary approvals from the Saudi Central Bank (SAMA).