Al Jabr Finance announced the appointment of ANB Invest as a financial advisor, lead manager and bookrunner for the institutions' subscription for its initial public offering, which it intends to conduct by listing its shares on the Saudi main market.

Mr. Maher Abdul Latif Al-Jabr, Chairman of the Board of Directors of Al-Jabr Finance Company, commented:

(Preparation for the public offering is an essential component of the company’s strategy to enhance its leadership role in the financial sector in the Kingdom, The foundations of the Saudi market are sound and the demand for financial services is expected to continue to grow for the foreseeable future.

Al Jabr Finance intends to maintain its leading role through a number of initiatives aimed at developing products within the framework of its conservative credit policies and the use of modern technology, in line with the aspirations of Vision 2030 for the financial and banking sector in the Kingdom of Saudi Arabia).

For his part, Mr. Khaled Saleh Al-Ghamdi, CEO of Al-Arabi Investment Company, expressed his pride in cooperating with Al-Jabr Finance Company on its upcoming initial public offering, where Al-Jabr Finance and Al-Arabi Investment Company enjoy a strong and long-term relationship.

Al Jabr Finance is a pioneering and innovative company in the field of finance, and this subscription will contribute to diversifying the offerings in the Saudi market, and there is no doubt that the appointment of Arab National Investments as an advisor for this subscription provides further evidence of the clients’ confidence in our institution).

The subscription structure, date and volume will be announced after obtaining all necessary regulatory approvals from the relevant authorities.

Al-Jabr Finance Company was established in 2015 as one of the multi-activity companies of the Al-Jabr Holding Group, which dates back to 1952.

Al Jabr Finance provides its services in all regions of the Kingdom of Saudi Arabia to individuals and companies of all sizes, including medium and small enterprises, by providing a wide range of financing solutions that are compatible with Islamic Sharia instructions, such as cash financing (tawarruq), leasing, Murabaha and financing of productive assets, including production lines and heavy equipment, eventually Automobile and small consumer loans to individuals.