SAMA: 37 finance firms operating in Saudi Arabia

The Saudi Arabian Monetary Authority (SAMA), the kingdom’s central bank, said that the number of finance firms operating in Saudi Arabia by the end of 2017 reached 37 firms, compared to 34 in 2016.

The combined capital of the 37 firms stood at around SAR 14.5 billion, out of which the home-mortgage-focused firms accounted for SAR 4.1 billion, the central bank data showed.

The combined assets of the said firms dropped 0.8 percent year-on-year (YoY) to SAR 38.2 billion in 2017. While total loans granted by them fell to around SAR 50 billion, of which 29 percent was on account of home mortgage and 71 percent non-mortgage financing.

Saudi Arabia’s Licensed Finance Firms (2017)
Number	Company	Paid-in Capital (SAR mln)
Non-banking finance firms
1	Amlak International	903
2	Dar Al Tamleek	508.7
3	Saudi Home Loans	1000
4	Deutsche Gulf Finance	575
5	Abdul Latif Jameel Real Estate Finance	200
6	Bidaya Home Finance	900
Real estate refinancing companies
7	SRC	1500
Very small activities financing companies
8	Bab Rizq Jameel	100
Remaining companies
9	Nayifat	635
10	Saudi ORIX	550
11	Al Yusr	500
12	AJIL Financial Services	500
13	NFC	250
14	MMFCO	212
15	Kirnaf Finance	600
16	Matager	150
17	Al Jasriah	150
18	Saudi Finance Co.	100
19	Abdul Latif Jameel Finance	1700
20	Gulf Finance	100
21	Tamwily	100
22	Al Amthal Financing	330
23	Osoul Medern	100
24	Dar Al Etiman Al Saudi	100
25	Tawkelat Financing	100
26	Murabaha Finance	320
27	Tayseer	400
28	Ijarah	100
29	Saudi Fransi for Finance Leasing	500
30	Tamweel Aloula	250
31	American Express	100
32	Aljabr Financing	345
33	AlRaedah Finance	150
34	Raya Financing	100
35	Maalem Financing	150
36	Taajeer Finance	100
37	Gulf Lifting Financial Leasing	100
Total		14478.7

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