Message From The Chairman
Our constant aspiration to find financing solutions that meet all of our customers’ daily and professional requirements, and our endeavor to develop and keep pace with the highest standards of digital financial services, is our ultimate goal at Nayifat Company. As for the diverse needs of our customers in various sectors, we consider our main driver to be our renewed innovation of financing solutions and products that are compatible with the principles and provisions. Islamic Sharia law, and we strive tirelessly to make our strategic plans fit the needs and ambitions of our customers. We would like, with all our efforts, to accompany you on your journey to a successful, ongoing and lasting partnership.
Mr. Saleh Nasser Suleiman AlOmair
To Know More About Nayifat
Nayifat Finance Company was established in 2002. It provides financing solutions compatible with Islamic Sharia for individuals and institutions and in accordance with the regulations, rules and instructions issued by the Saudi Arabian Monetary Agency (“the Central Bank of Saudi Arabia”).
Nayifat Company has been licensed by the Saudi Arabian Monetary Agency as a non-banking finance company to practice the following activities: Consumer financing
Financing activities for small and medium enterprises (“SMEs”), leasing financing, and credit card financing
Financial technology to work under the umbrella of the legislative sandbox to provide savings solutions for individuals and debt crowdfunding for small and medium enterprises. The company’s main products are based on Tawarruq, Murabaha and Ijara lending facilities. Nayifat Company believes that the continued growth of the Saudi economy, along with the expansion of the banking sector, will lead to an increase in demand for financing facilities compatible with Islamic Sharia.
In 2019, the company entered into a strategic alliance with Visa International to operate under the “master license” for Visa credit cards in the Kingdom of Saudi Arabia. This would enable the company to offer credit card financing products and services to customers
Our Financing Strategy
Individual financing
SME financing
Credit cards
Digital Innovation
Awards & Certificates
Board of Directors
Saleh Nasser Al-Omair
Abdulmohsen Mohammed Al-Saleh
Bandar Mohammed Al Baiz
Yousef Ibrahim Al-Shaer
Salman Abdulaziz bin Shahween
Ata Hamad Al Bayouk
Turki Nasser AlQahtani
Saad Abdulmohsen Al-Humaidi
Summary of Board Members’ Biographies
Senior Management
Fahd bin Ibrahim Al-Mufarrij
Turki Al Qahtani
Ahmed Hamli
Mohammed El-Shami
Tariq Al Yami
Ali Hassan Ali Al-Shawaf
Louai Bakraa
Fahad AL Shalhoub
Talal Shamroukh Alamani
Hani Alghaziri
SAFWAT KHALID WALEED KHALID
MOHAMMED AHMED ABDULLAH BALBEED
Sharia Committee
SHEIKH ABDULLAH BIN SULAIMAN AL MANEEA
Dr Abdulrahman Abdulaziz Alnafisah
DR MOHAMMED ALI ELGARI
Curriculum Vitae of Sharia Committee Members
Corporate Governance
Rules to lead and guide the Company that includes mechanisms to regulate the various relationships between the Board, Executive Directors, shareholders and Stakeholders, by establishing rules and procedures to facilitate the decision making process and add transparency and credibility to it with the objective of protecting the rights of shareholders and Stakeholders and achieving fairness, competitiveness and transparency on the Exchange and the business environment.
Both the Board and Management benefit from deep industry experience as well as stringent risk management policies and procedures. We have an executive management team with market-leading capabilities, extensive knowledge and long track records gained through careers in the banking sector and The Board of Directors, with its high level of experience, acts as a supervisor of a strong governance framework
Corporate Governance
Articles of Association of the Company
Conflict of interest policy and standards standards
Nayifat Company plans to expand its network of branches. We operate twenty-four (24) branches in thirteen (13) regions in the Kingdom of Saudi Arabia, with the aim of expanding in remote areas, especially those that have the purpose of this policy of regulating conflict of interest (and it is indicated referred to herein as the “policy”) is to protect the interests of Nayifat Finance Company (hereinafter referred to as the “company”) in the event that entering into a commercial transaction or arrangement would achieve personal benefit for the employee, official, manager or member of the company’s board of directors, and To provide the company with a procedure that, if followed, aims to consider the commercial transaction binding and enforceable, even in the event of a possible conflict of interest of the employee, official, manager or board member regarding the commercial operation.