Bank Albilad launches subsidiary to expand consumer financing
Bank Albilad announced establishing a wholly owned subsidiary, Dufaa Financing Co., as a closed joint-stock company registered in Saudi Arabia to engage in consumer finance activities as part of its strategy to expand financing operations. 
In a statement to Tadawul, the bank said the subsidiary obtained a license from the Saudi Central Bank (SAMA), noting that no material immediate financial impact is expected on its financial statements.
Bank Albilad launches subsidiary to expand consumer financing
Bank Albilad announced establishing a wholly owned subsidiary, Dufaa Financing Co., as a closed joint-stock company registered in Saudi Arabia to engage in consumer finance activities as part of its strategy to expand financing operations.
In a statement to Tadawul, the bank said the subsidiary obtained a license from the Saudi Central Bank (SAMA), noting that no material immediate financial impact is expected on its financial statements.
