Updated
Updated · ZAWYA · Jun 22
Saudi Arabia Captures $3.9 Billion of GCC Private Debt as 2025 Demand Jumps 8.2x
Updated
Updated · ZAWYA · Jun 22

Saudi Arabia Captures $3.9 Billion of GCC Private Debt as 2025 Demand Jumps 8.2x

3 articles · Updated · ZAWYA · Jun 22

Summary

  • $3.9 billion of the GCC’s $4.1 billion private debt deployment in 2025 went to Saudi Arabia, leaving the UAE with about $211 million and Bahrain with roughly $22 million.
  • An 8.2-fold jump from about $500 million in 2024 was driven by startups seeking non-dilutive capital for expansion, acquisitions, lending-book growth and platform scaling.
  • Fintech absorbed about 95.5% of total deployment—roughly $3.9 billion—with Tamara’s $2.4 billion, Lendo’s $740 million and Deem’s $400 million among the largest deals.
  • Private debt already exceeded venture capital’s $3.3 billion share of the GCC’s $7.4 billion startup funding mix in 2025, underscoring a shift toward earlier use of structured credit.
  • Stride Ventures said sovereign-backed capital, regulatory support and fintech-led asset-backed models are helping make private debt a core financing tool from Series A to pre-IPO.

Insights

With fintech taking 95% of private debt, are other vital sectors for Vision 2030 being starved of capital?
Can startups used to VC cash handle the strict discipline and high leverage that comes with private debt financing?
Is the GCC’s private debt boom creating a mature market or a house of cards set to collapse in a downturn?