The combined net assets of licensed finance companies in Saudi Arabia jumped 23.2 percent year-on-year (YoY) to SAR 34.9 billion in 2015, data compiled by the Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, showed.

 

Also, total financing packages grew by 22 percent YoY to SAR 26.2 billion, of which home financing accounted for 32.7 percent, while the remaining 67.3 percent went to other financing portfolios.

 

The combined capital of the financing companies reached SAR 11.24 billion, including SAR 7.3 billion for mortgage companies.

 

There were a total of 30 such financing companies at the end of 2015, including six home mortgage firms.

 

Finance Companies

Capital (SAR mln)

Company

Number

Real Estate Financing

900

Amlak International

1

500

Dar Al Tamleek

2

800

Saudi Home Loans

3

571

Deutsche Gulf Finance

4

200

Abdul Latif Jameel Real Estate Finance Co.

5

900

Bidaya Home Finance

6

Other Finance Companies

500

Nayifat Finance Co.

7

550

Saudi ORIX Leasing Co.

8

500

Al Yusr Leasing and Financing

9

500

Ajel Financial Services Co.

10

250

National Co.

11

120

Morabaha Marina Financing Co.

12

540

Kirnaf Finance

13

150

Matager Finance Co.

14

150

Al Jasriah Co. For Finance

15

100

Saudi Finance Co.

16

1700

Abdul Latif Jameel United Finance Co.

17

100

Gulf Finance

18

100

Tamwily International Co.

19

200

Al Amthal Financing and Leasing Co.

20

100

Osoul Modern Finance Co.

21

100

Dar Aletiman Al Saudi

22

100

Tawkelat Financing Co.

23

320

Murabaha Investment and Installment

24

400

Tayseer Arabian Co.

25

100

Ijarah Finance

26

100

Saudi Fransi For Finance Leasing

27

250

Tamweel Aloula

28

100

American Express

29

345

Aljabr Financing Corporation

30

11,246

  

Total

 

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