Company Overview

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.

Message from Leadership

Saud Al Dosari, Chairman of NFC

“NFC is a pioneer in the NBFI space and has been one of the leaders in the industry for over 19 years. We believe now is the right time to go public. The listing enables us to move into the next stage of our ambitious strategy. The Kingdom’s Vision 2030 has presented many opportunities, including a successful transformation of the Saudi capital market which created an investment environment that is at par with developed countries. I’m confident NFC is well positioned to capitalize on this milestone, which will support our strategic objectives catering to the financing needs of several demographics.”

Abdulmohsen Al Sowailem, MD and CEO of NFC

“Our agile business model and customer-centric approach allowed us to expand exponentially since 2002 as Saudi Arabia’s premier non-bank lender. I am proud of our consistent, solid track record and unparalleled profitability. We will continue to focus on our core business, while penetrating untapped segments in the private and public sector. This IPO marks the next phase of our development journey, as it would further promote the NFC brand and support expansion into FinTech, SME lending and credit card businesses.”

Overview of Financial Performance

Strong financial performance and a consistent track record of superior returns, supported by a robust capital position

First bucket

One of the market leaders with

Market share in consumer financing

Second bucket



Third bucket

Net income

*2021 based on 1H21 annualized

Fourth bucket

Dividend payout ratio

For Q4’20 and Q1’21

Expected IPO Timeline

12 Oct 2021
Intention to Float (ITF) Announcement


21 Oct 2021
Price range announcement & start of book building


28 Oct 2021
Close of bookbuilding


2 Nov 2021
Final offer price

7 Nov 2021
Start of retail subscription period


8 Nov 2021
End of retail subscription period

13 Nov 2021
Final allocation of shares

15 Nov 2021
Refund of excess subscription amounts


Frequently Asked Questions

Useful Resources


HSBC Saudi Arabia


Financial Advisor, Lead Bookrunner, Lead Underwriter, Lead Manager



+966 92 000 5920

GIB Capital


Joint Bookrunners, Co-underwriter



Saudi Fransi Capital


Joint Bookrunners, Co-underwriter



+966 11 282 6666

Finsbury Glover Hering


Communications and IR Advisor



+971 50 7377507

Receiving Entities