Aramco announces supply chain financing solution

Saudi Aramco announced during the FII 8th Edition in Riyadh signing agreements to establish a supply chain financing solution.

In an emailed statement to Argaam, the company said it signed an agreement with Taulia, a SAP company and leading FinTech provider of working capital management solutions — supported by the Saudi Industrial Development Fund (SIDF) as one of the key finance providers of the domestic industrial sector.

The financing solution aims to unlock billions of Saudi Riyals in liquidity, enabling suppliers to optimize working capital, gain access to alternative financing, and strengthen business relationships.  

Ziad Al-Murshed, Aramco CFO and Executive Vice President of Finance, said this platform also provides an investment opportunity for banks to participate as finance providers, enhancing the solution’s scale and viability. The platform will significantly enhance our suppliers’ ability to meet customer needs and reinforce the stability of the supply chain ecosystem in our region.