Tamweel Aloula Co. plans to offer its shares to the public in the Saudi market, Bloomberg reported, citing sources with knowledge of the matter.
Tamweel Aloula is a closed joint stock company, licensed by the Saudi Central Bank (SAMA) to undertake personal, corporate, SME financing and leasing, in addition to providing various financing solutions to retail investors, as well as the small and medium enterprises (SMEs). It also provides POS, personal, finance leasing, real estate and consumer financing services.
Tamweel Aloula’s net profit after Zakat rose 42% year-on-year in 2024 to SAR 180 million.
Tamweel Aloula Co. plans to offer its shares to the public in the Saudi market, Bloomberg reported, citing sources with knowledge of the matter.
Tamweel Aloula is a closed joint stock company, licensed by the Saudi Central Bank (SAMA) to undertake personal, corporate, SME financing and leasing, in addition to providing various financing solutions to retail investors, as well as the small and medium enterprises (SMEs). It also provides POS, personal, finance leasing, real estate and consumer financing services.
Tamweel Aloula’s net profit after Zakat rose 42% year-on-year in 2024 to SAR 180 million.
