In this final edition of our quarterly blog for 2024, we are excited to highlight our groupwide milestones and accomplishments across the UAE, Oman, and KSA over the past quarter.
2024 has been a remarkable year, marked by significant progress laying the foundation for Beehive’s future success while fostering growth in economies worldwide.
Take a closer look at what we’ve achieved:
In UAE
Surpassed AED 3 billion in SME Funding:
We’ve officially surpassed AED 3 billion in total SME funding across the GCC.
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0% NPL in first half of 2024:
We have reported a non-performing loan (NPL) ratio of less than 1.5% across our entire financed portfolio. Additionally, no loans issued throughout 2024 have been classified as non-performing.
Beehive marks a decade of excellence:
Beehive has been operational in UAE, Oman and KSA for overall of 10 years, this milestone showcases our dedication to transforming the GCC lending landscape.
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AI Integration in credit screening process:
Beehive uses Artificial Intelligence (AI) in its credit screening process for SME financial data. This rule-based AI system leverages 10 years of accumulated experience in SME financials and thoroughly screens and analyzes the information businesses provide.
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In Oman
Beehive X Ahli Islamic Signing:
In February 2024, Beehive signed an agreement with Ahli Islamic to provide Sharia-compliant financing for businesses in Oman. This milestone enables SMEs to achieve their desired growth while ensuring the solution aligns with Islamic principles.
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In KSA
Beehive KSA renewed its contract with the SDB:
In October 2024 Beehive KSA renewed its contract with SDB, reaffirming our commitment to continue empowering SMEs across Saudi Arabia with tailored funding solutions.
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Biban24:
In November 2024, Beehive KSA team was on-ground at the Biban 2024 forum, connecting and exchanging ideas with SMEs and event visitors. We also showcased Beehive’s tailored business funding solutions to help companies accelerate their growth.
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SDB Surpassed SAR 200M in funding:
In November 2024, a significant achievement has been made by the KSA SDB project team, they have infused more than SAR 200 million into SMEs across the Kingdom of Saudi Arabia.
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Surpassed
As we enter 2025, our focus remains clear: supporting the bold businesses shaping tomorrow. By connecting SMEs with the right investors, we’re helping make ideas impactful.
We’re here to drive growth, foster innovation, and build lasting partnerships. Together, we’ll create lasting success.
Learn more about Beehive here
In the UAE, Beehive P2P Limited is regulated by the DFSA. In Oman, Beehive Financial Technology SPC is regulated by the FSA. In KSA, Beehive Saudi for Technology and Information Systems Company is subject to regulatory approval.
