Jarir obtains SAMA approval to establish a consumer microfinance company

Company announced "Jarir Marketing" Obtaining initial approval from the Central Bank of Saudi Arabia (SAMA) to establish a company "Rafd Integrated" To practice consumer microfinance activity, based on a non-binding memorandum of understanding with a company "Aman Egypt"And Hamad bin Abdullah bin Sulaiman Al-Manea and Partners Company (a closed Saudi joint stock company).

The company explained in a statement on: "Saudi Arabia trading"Today, Sunday, work is underway to complete the regulatory procedures to establish the Rafd Integrated Company, noting that the company’s capital amounts to 50 million riyals.

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