Aramco and Taulia have partnered to launch one of the world’s largest supply chain financing programs, backed by the SIDF. Announced at the FII 8th Edition in Riyadh, the initiative aims to provide Aramco suppliers with competitive financing options to enhance liquidity, optimize working capital, and improve cash forecasting. Ziad T. Al-Murshed, Aramco CFO and Executive VP of Finance said: “At Aramco, we recognize the crucial role our suppliers play in contributing to our business continuity, which in turn enables the delivery of energy and petrochemical products reliably and competitively across the globe. Together with our partners, we are introducing this FinTech solution for our suppliers, offering them access to a unique and competitive financing opportunity. This platform also provides an investment opportunity for banks to participate as finance providers, enhancing the solution’s scale and viability. We extend our gratitude to the Saudi Central Bank (SAMA) for enabling us to unlock this added value for our stakeholders. We also deeply appreciate the commitment of our partners at SIDF and Taulia in developing this innovative solution, which will significantly enhance our suppliers’ ability to meet customer needs and reinforce the stability of the supply chain ecosystem in our region.”
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