Khaled Al-Sharif, CEO of Abdul Latif Jameel Finance
Khaled Al-Sharif, CEO of Abdul Latif Jameel Finance, said that interest rates are among the key factors affecting financing products, expecting demand for cash financing to increase in the coming period, which will be reflected in higher interest rates in the market and affect financing products in general. 
Speaking to Argaam during the Money 20/20 Middle East Conference held in Riyadh, the top executive highlighted that Saudi Arabia’s major projects are making high the demand for liquidity, which mitigates the impact of rate cuts. He predicted a slight rise in interest rates depending on supply and demand.
He added that the company’s performance continues to grow thanks to its customer selection systems, communication, and after-sales services, noting that the company records stronger figures annually, with ambitious goals set for 2030.
The CEO also highlighted that the microfinance segment has so far provided loans worth SAR 4 billion, targeting SAR 10 billion for around 400,000 beneficiaries by 2030.
As regards the company’s potential listing on the Saudi Exchange, Al-Sharif said the focus is currently on customer service, digital transformation, and open banking, adding that the company may consider going public in the future.
The company, founded in 1960 as part of Abdul Latif Jameel Co. Ltd., is one of the largest finance players in Saudi Arabia. It offers a wide array of products that include cash financing, auto financing, as well as financing for SMEs and microfinance, he added.
Khaled Al-Sharif, CEO of Abdul Latif Jameel Finance
Khaled Al-Sharif, CEO of Abdul Latif Jameel Finance, said that interest rates are among the key factors affecting financing products, expecting demand for cash financing to increase in the coming period, which will be reflected in higher interest rates in the market and affect financing products in general.
Speaking to Argaam during the Money 20/20 Middle East Conference held in Riyadh, the top executive highlighted that Saudi Arabia’s major projects are making high the demand for liquidity, which mitigates the impact of rate cuts. He predicted a slight rise in interest rates depending on supply and demand.
He added that the company’s performance continues to grow thanks to its customer selection systems, communication, and after-sales services, noting that the company records stronger figures annually, with ambitious goals set for 2030.
The CEO also highlighted that the microfinance segment has so far provided loans worth SAR 4 billion, targeting SAR 10 billion for around 400,000 beneficiaries by 2030.
As regards the company’s potential listing on the Saudi Exchange, Al-Sharif said the focus is currently on customer service, digital transformation, and open banking, adding that the company may consider going public in the future.
The company, founded in 1960 as part of Abdul Latif Jameel Co. Ltd., is one of the largest finance players in Saudi Arabia. It offers a wide array of products that include cash financing, auto financing, as well as financing for SMEs and microfinance, he added.
