PIF launches Tawrid platform to expand supply-chain financing
- Saudi Arabia’s Public Investment Fund has launched Tawrid Co. for Financing Solutions, a digital platform aimed at expanding supply-chain financing products.
- Tawrid connects buyers, suppliers, and funders, offering services like early settlement against approved invoices to enhance working-capital efficiency.
- Tawrid has started operations and signed agreements with local banks and companies, including Gulf International Bank and Saudi National Bank.
- The platform aims to strengthen Saudi supply chains and improve liquidity management for businesses, promoting agility and efficiency.
