Company Research Report: شركة متاجر للتمويل

Company Overview

• Name: شركة متاجر للتمويل

• Mission: No specific mission statement is provided in the available data.

• Founded: The company was founded in 1413هـ (1993/1994 AD).

• Founders: No information is available about the founders.

• Key People: No information is available about the key people in the company.

• Headquarters: الرياض (Riyadh), حي القدس, الدائري الشرقي.

• Number of Employees: No information is available regarding the number of employees.

• Revenue: No information is available regarding the revenue.

• Known For: The company is known for being a pioneer and specialist in sales financing within the Kingdom of Saudi Arabia.

Products

• Product Offering:

• مرابحة (Murabaha):

• High-Level Description: Murabaha is an Islamic financing structure, where the seller provides the cost and profit margin of an asset to the buyer.

• Key Features:

• Compliant with Islamic Sharia law.

• Offers transparency in profits without any hidden charges.

Recent Developments

• New Features:

• 02/04/2020: Introduction of a payment deferral program.

• 03/04/2020: Launch of a lending finance program.

• 04/04/2020: Launch of a financing guarantees support program.

• 01/09/2020: Initiative for the empowerment of individuals with disabilities.

• 27/04/2021: Celebration of the Arab Day for Financial Inclusion.

• Other Developments:

• 22/06/2019: Customers can now update identity documentation directly on the website.

• 23/06/2019: Saudi Arabia became the first Arab country to gain membership in the Financial Action Task Force (FATF).

• 15/03/2020: Support program by the Saudi Central Bank for private sector financing.

Frequently Asked Questions

• Geographical Reach: Sales occur across all regions of Saudi Arabia, facilitated through the company's branches.

• Fees on Profits: No additional fees are charged on declared profits.

• Sharia Compliance: The company's Murabaha product complies with Islamic Sharia principles.

• Exceptions in General Funding Conditions: Contacting the company's branch is recommended for detailed inquiries.

Branch Locations

• Jeddah: طريق المدينة المنورة, النازل - after قريش Street exit, opposite the General Security Building.

• Riyadh: حي القدس, Eastern Ring Road, between exit 11 and exit 10 heading north.

• Additional locations include: Makkah, Dammam, and Taif, with Riyadh being the main hub.

This report provides a detailed overview of شركة متاجر للتمويل, highlighting its established presence in the Saudi Arabian market, its product offerings, and recent developments contributing to its growth and service enhancements.