NFC is a pioneer in the NBFI space focused on serving financing needs of individuals in the Kingdom. NFC is one of the market leaders in the NBFI consumer financing segment and is poised to capitalize on identified growth avenues supported by a comprehensive product suite, strong distribution network, robust risk management framework and a flagship brand. The Company has demonstrated a proven track record of growth and agility to navigate market conditions and adapt its strategies to the ever-changing needs of the evolving consumer finance market in Saudi Arabia.
NFC was established in 2002 with a share capital of SAR 10 million, and today operates with a share capital of SAR 1 billion. It was the first NBFI to be licensed by the Saudi Central Bank in 2014, and is one of the leaders in the consumer finance market with a market share of 18.1% as of Q1 2021. It has a comprehensive portfolio comprising more than 44,000 customers.
The Company offers customers 100% Shari’a compliant products and services including consumer finance, credit cards, SME financing and fintech lending. NFC leverages its deep distribution network covering 23 cities, with 392 employees across 27 branches in the Kingdom.