Aman Holding and Jarir Sign MoU for USD 26.6 Million Finance Company
03 January 2025•
By Staff Writer
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Mohamed Wahby, Aman Holding CEO & Board Member
Aman Holding, a portfolio company of Raya Holding for Financial Investments, has signed a non-binding memorandum of understanding (MoU) with Jarir Marketing Company to establish a consumer finance venture in Saudi Arabia.
The proposed company will launch with an initial capital of SAR 100 million, pending regulatory approvals. Aman Holding will hold a 41% stake, Jarir will own 49%, and the remaining 10% will be allocated to Hamad Bin Abdullah bin Sulaiman Al Manea & Partners Trading Company or other investors.
Jarir, a prominent retail and wholesale leader in Saudi Arabia and the Gulf, brings significant market expertise to this collaboration.
Source: Zawya
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