- Tamara secures A- credit rating from SIMAH’s TASSNIEF to strengthen its funding strategy
- The rating marks Tamara’s first independent credit assessment by Tasnif with a stable outlook, highlighting the company’s strong creditworthiness and sustainable growth while paving the way for long-term financing opportunities.
Tamara Finance has received an A- credit rating from Saudi-based Simah Rating Agency (TASSNIEF), strengthening its funding strategy and supporting its expansion into local capital markets.
The rating marks Tamara’s first independent credit assessment by TASSNIEF and comes with a stable outlook, reflecting the company’s strong creditworthiness, sustainable growth, and long-term financial resilience while paving the way for new funding opportunities.
Tamara Finance announced that it has been assigned an A- credit rating with a stable outlook by SIMAH Rating Agency (TASSNIEF), marking a key milestone in the company’s efforts to diversify its funding sources and strengthen its access to Saudi capital markets.
The rating reflects Tamara’s solid financial position, low credit risk, and high credit quality.
It also underscores the sustainability of the company’s business model and supports its future growth plans and expansion of financial products and services.
According to TASSNIEF, the rating was driven by several key strengths, including the quality of Tamara’s assets, improved profitability, and the effectiveness of its risk management framework.
Commenting on the achievement, Mohammed Alahmadi, Chief Financial Officer at Tamara, said:
“This rating is a strong endorsement of our business model and the disciplined approach we take to risk management as we continue to expand sustainably.”
He added:
“The achievement further strengthens the confidence of our investors and financing partners, while enabling us to broaden our Shariah-compliant funding sources within the Kingdom.”
The rating highlights Tamara’s continued growth trajectory and positions the company to pursue new business opportunities with greater confidence.
It also reflects Tamara’s responsible lending approach and its commitment to supporting the development of Saudi Arabia’s digital economy in line with the goals of Vision 2030.
About Tamara
Tamara is a GCC-based fintech company whose mission is to empower people to achieve their ambitions.
The company currently serves more than 25 million customers and partners with over 130,000 global, regional, and local brands across sectors including retail, travel, education, healthcare, and more.
Tamara is backed by Sanabil Investments, a wholly owned company of Saudi Arabia’s Public Investment Fund (PIF), as well as SNB Capital.
The new credit rating builds on Tamara’s recent growth milestones, including securing $2.4 billion in asset-backed financing facilities last year from leading global financial institutions, including Goldman Sachs, Citigroup, and Apollo-managed funds.
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