How fast is Private Credit Market growing?

The private credit market refers to a financial market where non-bank lenders provide direct debt financing to companies or projects through privately negotiated agreements, rather than through public exchanges or traditional banking systems. This market offers borrowers access to customized capital with flexibility and speed, and investors can find higher yields. Globally, it has experienced significant growth since the 2008 financial crisis. In Saudi Arabia, this market is nascent but rapidly expanding, reaching $3.7 billion in 2024, driven by Vision 2030 initiatives, strong economic momentum, and regulatory advancements, supporting SMEs and strategic national projects.