PIF launches Tawrid platform to expand supply-chain financing

RIYADH: Saudi Arabia’s Public Investment Fund has launched Tawrid Co. for Financing Solutions, a digital platform offering supply-chain financing products as the sovereign wealth fund seeks to deepen private-sector participation and strengthen local supply chains. Tawrid connects buyers, suppliers and funders through a digital platform, offering products including early settlement against approved invoices. The services are designed to help companies...