Jarir Marketing Co. will establish a micro-consumer finance firm with a capital of SAR 50 million
Jarir Marketing Co. obtained the Saudi Central Bank’s (SAMA) preliminary approval on setting up RFID Integrated Co. to conduct micro-consumer finance activity with a capital of SAR 50 million. 
In a statement to Tadawul, the company said that the prospective consumer financing firm is the company that signed a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) and Hamad bin Abdullah bin Suleiman Al-Manaya Co., a Saudi closed joint stock company, to establish a consumer finance company.
Work is currently underway to finalize the regulatory procedures for the establishment of the new company, the statement added, noting that SAMA’s approval is initial and does not constitute a granting of license or permission to conduct financing activity.
According to data available on Argaam, Jarir Marketing Co. signed, in December 2024, a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) to establish a consumer finance company, with an initial capital of SAR 100 million.
Jarir will own 49% of the financial company, while Aman Egypt will hold a 41% stake. Hamad bin Abdullah bin Suleiman Al-Manaya Co., a Saudi closed joint stock company, will own the remaining 10%.
Jarir Marketing Co. will establish a micro-consumer finance firm with a capital of SAR 50 million
Jarir Marketing Co. obtained the Saudi Central Bank’s (SAMA) preliminary approval on setting up RFID Integrated Co. to conduct micro-consumer finance activity with a capital of SAR 50 million.
In a statement to Tadawul, the company said that the prospective consumer financing firm is the company that signed a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) and Hamad bin Abdullah bin Suleiman Al-Manaya Co., a Saudi closed joint stock company, to establish a consumer finance company.
Work is currently underway to finalize the regulatory procedures for the establishment of the new company, the statement added, noting that SAMA’s approval is initial and does not constitute a granting of license or permission to conduct financing activity.
According to data available on Argaam, Jarir Marketing Co. signed, in December 2024, a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) to establish a consumer finance company, with an initial capital of SAR 100 million.
Jarir will own 49% of the financial company, while Aman Egypt will hold a 41% stake. Hamad bin Abdullah bin Suleiman Al-Manaya Co., a Saudi closed joint stock company, will own the remaining 10%.
