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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