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Nayifat Finance Co. (Saudi Arabia)

Main Activities: Commercial Banking
Full name: Nayifat Finance Company Saudi Closed Joint Stock Company Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The company is involved in lease financing , financing consumers and small and medium enterprises in the Kingdom of Saudi Arabia .
Nayifat is one of the first finance companies to be licensed by Saudi Central Bank to perform financing activities including: Consumer Finance, Credit Card Finance, SME finance, Finance lease, Peer to Peer Lending
The company provide complied financial solutions with Islamic “Sharia'a
The company s Vision strive to become the first provider of financing services in the Kingdom of Saudi Arabia while supporting the ambitions of Vision 2030 in building a vital society and a prosperous economy.
The Company s Mission seeks to continue our legacy as a leading non -banking financial institution by facilitating the financing needs of all individuals in the Kingdom of Saudi Arabia, by providing an innovative set of products and services compatible with Islamic law in the areas of consumer financing, Financial leasing, financing of small and medium -sized companies, credit cards, and collective financing in debt Through financial technology.
The Company s headquarters is located in Al -Wurud District, Olaya Highway, , P.O. Box 27389, Postal Code 11417, Riyadh, Kingdom of Saudi Arabia,
The Company was established in May 4, 2002 with a capital of 10 million Saudi riyals, and its capital today is one billion Saudi riyals. The company was the first non -banking financial institution to obtain a license from the Saudi Central Bank in 2014, and the Nayifat is one of the leading companies in the consumer financing market.
The company provides its customers with fully compatible products and services with the principles and provisions of Islamic Sharia, including consumer financing, credit cards financing, financing of SME, and Fintech solutions.
The Company is one of the most prominent non -banking financial institutions that focus on meeting the financing needs of individuals in the Kingdom of Saudi Arabia, and the company has a pioneering position in the individual financing market, and is preparing to seize the growth opportunities available by the group of its comprehensive products, the wide branch network, and its tight framework for management The risks, its leading brand, and the company expressed a high ability to grow and flexibility in dealing with market conditions, and adapting its strategies to keep pace with the market changes of consumer financing and the small and medium enterprise financing market in the Kingdom of Saudi Arabia.
The Company was registered as a closed joint stock company, the company changed it s name to Nafyiat Finance Company in June 2014
The Company was listed in Saudi Stock Exchange (Tadawul) on November 22, 2021.

Headquarters
Al Quds Riyadh Street King Abdullah
Riyadh; Al-Riyadh;

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Website: http://www.nayifat.com/index.php/en

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2002
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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71.68%
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2.95%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net interest income
0.74%
Operating profit (EBIT)
1.17%
Net Profit (Loss) for the Period
-48.26%
Total assets
7.12%
Total equity
6.85%
Total Assets Trend
3.32%
Net Interest Income Trend
0.45%

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