Partnership Between Lendo and MODON to Empower Industrial Sector Expansion in Saudi Arabia
Riyadh – [23/4/2026]– Lendo, the leading Saudi Shariah-compliant financing platform, announced the signing of a strategic cooperation agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON), aimed at enabling factories and industrial establishments within the Kingdom’s industrial cities to access operational and expansionary financing solutions.
This initiative supports the growth of the industrial sector and contributes to advancing its role in achieving the targets of Saudi Vision 2030.
This partnership reflects Lendo’s commitment to providing innovative financing solutions tailored for national factories through an integrated digital platform that supports industrial supply chains, enhances operational efficiency, and accelerates production across industrial cities.
Osama Alraee, CEO and Co-Founder of Lendo, stated:
“We are proud of this partnership with MODON, which aims to support and empower factories within industrial cities through effective financing solutions that enhance operational efficiency and enable industrial expansion, in line with the Vision2030 objectives of developing the Kingdom’s industrial sector.”
This partnership represents an important step in enabling factories within industrial cities to access innovative and efficient financing solutions, with the aim of enhancing the sustainability of factories and improving the quality of industrial supply chains, thereby supporting the growth of the national industrial sector.
This agreement reinforces Lendo’s role in enabling vital sectors. Throughout the current year, Lendo has successfully established strategic partnerships with leading financial institutions such as J.P. Morgan and Jadwa Investment, contributing to the delivery of innovative financing solutions that have exceeded SAR 4.5 billion across more than 10,000financed deals.
A milestone that reflects the efficiency of its financing model and its strong contribution to supporting a sustainable financing ecosystem in the Kingdom.
About Lendo:
Lendo is the first licensed debt-crowdfunding platform in Saudi Arabia, compliant with Islamic Sharia and regulated by the Saudi Central Bank (SAMA). Founded in 2019 by Osama Alraee (CEO) and Mohamed Jawabri (COO), Lendo connects qualified businesses seeking financing with investors seeking short-term returns.
About MODON:
MODON is one of the leading entities in developing the industrial ecosystem in Saudi Arabia. MODON oversees the establishment and operation of industrial cities while providing integrated infrastructure that supports the growth of the industrial sector. It also contributes to enabling factories and industrial enterprises to expand and improve their operational efficiency through solutions that strengthen supply chains and enhance the sector’s competitiveness, in line with the objectives of Saudi Vision 2030.