Nayifat obtaines final license to commence Fintech Activity

Nayifat Finance Co. announces that it has obtained the final license from Saudi Central Bank to commence ULEND Activity using Fintech.

The move complements the company’s policy of offering a series of integrated solutions and reaching the largest segment of customers in the world of non-bank finance.

We expect the financial impact to appear and reflect positively on the company’s financial results after the introduction of ULEND Activity services.