SMEs struggling to find funding under current interest rates

Keep an eye on SME exposure: A number of small factories have shut down recently because of their inability to secure funding in the current interest rate environment, according to a report by Al Mal. Small producers also cite weaker demand and a slowdown in business activity following the flotation as problems they face. A representative of the Industrial Modernization Centre said they are currently reviewing a number of cases to consider the possibility of extending financing to struggling small businesses.