Saudi private sector import financing reached SAR 38.7 billion during Q2

By: Mohamed Alabdullah

Private sector imports financed by commercial banks in Saudi Arabia (open) declined by 2.7% during the second quarter of 2025 compared to the first quarter of 2025, reaching SAR 38.742 billion during the second quarter compared to SAR 39.819 billion during the first quarter. Meanwhile, private sector imports financed by commercial banks in Saudi Arabia (paid) declined by 1.6% during the second quarter of 2025 compared to the first quarter of 2025, reaching SAR 34.226 billion during the second quarter compared to SAR 34.783 billion during the first quarter. The monthly statistical bulletin issued by the Saudi Central Bank stated that private sector imports financed by commercial banks in Saudi Arabia (open) declined by 1% year-on-year, reaching SAR 38.742 billion during the second quarter of 2025, compared to SAR 38.349 billion during the second quarter of 2024. Meanwhile, private sector imports financed by commercial banks in Saudi Arabia (paid) declined by 1.2% year-on-year, reaching SAR 34.226 billion during the second quarter of 2025, compared to SAR 34.646 billion during the second quarter of 2024.

The bulletin confirmed that private sector imports financed by commercial banks from GCC countries (open letter of credit) declined by 17.3% during the second quarter of 2025, compared to the first quarter of 2025, reaching SAR 13.201 billion during the second quarter, compared to SAR 15.976 billion during the first quarter. Private sector imports financed by commercial banks in Saudi Arabia (paid) declined by 1.2% year-on-year, reaching SAR 34.226 billion during the second quarter of 2025, compared to SAR 34.646 billion during the first quarter of 2024. Commercial banks from GCC countries (Musadded) increased by 8.8% during the second quarter of 2025 compared to the first quarter of 2025, reaching SAR 12.098 billion during the second quarter compared to SAR 13.272 billion during the first quarter. The report explained that sector imports financed by commercial banks from GCC countries (open) declined by 8.4% during the second quarter of 2025 compared to the same quarter in 2024, reaching SAR 13.201 billion during the second quarter of 2025 compared to SAR 14.417 billion during the second quarter of 2024. Meanwhile, sector imports financed by commercial banks from GCC countries (Musadded) increased by 0.1% during the second quarter of 2025 compared to the second quarter of 2024, reaching SAR 12.098 billion during the second quarter of 2025 compared to SAR 12.083 billion during the second quarter of 2024.