The total balance of facilities and loans provided by banks in the UAE to small and medium-sized enterprises (SMEs) reached Dh81.2 billion by the end of the first half of 2024, as per the latest statistics from the Central Bank of the UAE (CBUAE).
These loans to SMEs represent 9.5% of the total cumulative financial facilities extended to the commercial and industrial sectors in the UAE, which totalled Dh855.7 billion at the end of June.
The SME sector constitutes over 95% of all businesses operating in the country and employs approximately 86% of the private sector workforce.
