{"id":57185,"date":"2026-02-02T15:04:28","date_gmt":"2026-02-02T12:04:28","guid":{"rendered":"https:\/\/entarabi.com\/?p=57185"},"modified":"2026-02-02T15:09:04","modified_gmt":"2026-02-02T12:09:04","slug":"jarir-receives-sama-preliminary-approval-to-establish-rafed-micro-consumer-finance-company","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/02\/jarir-receives-sama-preliminary-approval-to-establish-rafed-micro-consumer-finance-company\/","title":{"rendered":"Jarir Receives SAMA Preliminary Approval to Establish Rafed Micro Consumer Finance Company"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"28\" data-end=\"157\">Preliminary approval from the Saudi Central Bank (SAMA) to establish <em data-start=\"101\" data-end=\"127\">Rafed Integrated Company<\/em> for micro consumer finance.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"28\" data-end=\"157\">Company capital is set at SAR 50 million through a partnership between Jarir Marketing, Aman Egypt, and Al-Manea Company.<\/li>\n<li dir=\"ltr\" data-start=\"285\" data-end=\"392\">\n<p style=\"text-align: left;\" data-start=\"287\" data-end=\"392\">The approval is not a final license and does not yet allow the company to start financing activities.<\/p>\n<\/li>\n<\/ul>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:dcc3597d-926b-4b06-92db-94406bcf52ba-2\" data-testid=\"conversation-turn-6\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"35eca282-21e0-431c-82af-1b0e27debe04\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"702\" data-end=\"980\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Jarir Marketing Company<\/span><\/span> announced that it has received preliminary approval from <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Saudi Central Bank (SAMA)<\/span><\/span> to establish Rafed Integrated Company, which will operate in the micro consumer finance sector, with a capital of SAR 50 million.<\/p>\n<p data-start=\"982\" data-end=\"1198\">In a statement published on the Saudi Exchange (Tadawul), the company clarified that Rafed Integrated Company is the same entity previously covered under a non-binding memorandum of understanding signed earlier with:<\/p>\n<ul data-start=\"1200\" data-end=\"1294\">\n<li data-start=\"1200\" data-end=\"1254\">\n<p data-start=\"1202\" data-end=\"1254\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Aman for Non-Banking Financial Services and Electronic Payments<\/span><\/span> (Aman Egypt)<\/p>\n<\/li>\n<li data-start=\"1255\" data-end=\"1294\">\n<p data-start=\"1257\" data-end=\"1294\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hamad bin Abdullah bin Sulaiman Al\u2011Manea &amp; Partners<\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1296\" data-end=\"1555\">Jarir stated that regulatory procedures to formally establish Rafed are currently in progress, emphasizing that SAMA\u2019s preliminary approval does not constitute a final license and does not permit the company to commence financing operations at this stage.<\/p>\n<p data-start=\"1557\" data-end=\"1783\">According to previously disclosed information, Jarir signed a non-binding MoU in December 2024 with Aman Egypt to establish a consumer finance company, reflecting its strategic expansion into the financial services sector.<\/p>\n<h3 data-start=\"1785\" data-end=\"1836\">Ownership Structure of Rafed Integrated Company<\/h3>\n<ul data-start=\"1838\" data-end=\"1929\">\n<li data-start=\"1838\" data-end=\"1874\">\n<p data-start=\"1840\" data-end=\"1874\">Jarir Marketing Company: 49%<\/p>\n<\/li>\n<li data-start=\"1875\" data-end=\"1898\">\n<p data-start=\"1877\" data-end=\"1898\">Aman Egypt: 41%<\/p>\n<\/li>\n<li data-start=\"1899\" data-end=\"1929\">\n<p data-start=\"1901\" data-end=\"1929\">Al-Manea &amp; Partners: 10%<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1931\" data-end=\"2105\" data-is-last-node=\"\" data-is-only-node=\"\">This move aligns with the ongoing growth of the micro consumer finance sector in Saudi Arabia and supports the diversification of financial services available to individuals.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Preliminary approval from the Saudi Central Bank (SAMA) to establish Rafed Integrated Company for micro consumer finance. Company capital is set at SAR 50 million through a partnership between Jarir Marketing, Aman Egypt, and Al-Manea Company. The approval is not a final license and does not yet allow the company to start financing activities. Jarir [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":57182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[8850],"tags":[11286,2599],"class_list":["post-57185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","tag-jarir","tag-sama"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/57185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=57185"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/57185\/revisions"}],"predecessor-version":[{"id":57190,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/57185\/revisions\/57190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/57182"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=57185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=57185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=57185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}