Aljabr Financing names ANB Invest as financial advisor for IPO on Tadawul

 Agreement signing ceremony

Aljabr Financing Co. appointed today, March 31, Arab National Bank Investment Co. (ANB Invest) as a financial advisor, lead manager and bookrunner for subscription to its proposed initial public offering (IPO) on the Saudi Exchange (Tadawul).

The step is part of the company’s endeavors to push associate companies to list shares on the financial market as it has a positive impact on shareholders' equity and the company’s financial position. It comes within the framework of its conservative credit policies, in line with the Vision 2030 aspirations for the Kingdom’s financial and banking sector, said Maher Al Jabr, Chairman of Aljabr Financing.

An announcement will be made later on the subscription’s structure, date and volume, in addition to any future developments in this regard.

Established in 2015 as one of Aljabr Holding Group’s multi-activity sister companies, Aljabr Financing operates across all regions of the Kingdom, catering to individuals and companies of all sizes, including medium- and small-sized enterprises.

The company provides a range of Sharia-complaint financing solutions such as cash financing (Tawarruq), leasing, Murabaha and financing of productive assets, including production lines and heavy equipment, together with cars and personal loans for individuals.

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