Jarir Marketing Co. announced on February 1, 2026, that it has received preliminary approval from the Saudi Central Bank (SAMA) for the establishment of Rifd Integrated Company to conduct micro-consumer finance activity. This follows the company's December 31, 2024 announcement regarding a non-binding Memorandum of Understanding with Aman Misr Company and Hamad Bin Abdullah bin Sulaiman Al Manea & Partners Co. The new company will have a capital of Saudi Riyals 50 million, with regulatory procedures for its establishment currently underway. SAMA's preliminary approval does not constitute a license to conduct financing activity.

Original announcement:

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