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The report covers the KSA Consumer Finance Sector, KSA Consumer Finance Future, KSA Consumer Finance License Requirements, KSA Consumer Finance Market Future Growth, KSA Consumer Finance Players, KSA Financial Markets, KSA Personal Finance Industry Challenges, KSA Personal Finance Industry Issues, KSA Personal Finance Market Covers, KSA Personal Finance Market Demand, KSA Personal Finance Market Future Outlook, KSA Personal Finance Market Future Trends, KSA Personal Finance Market Growth Strategies, KSA Personal Finance Market Key Competitors in Personal Finance Market KSA Personal Finance Market Key Players KSA Personal Loans Industry KSA Personal Loans Market KSA Personal Loans Sector Financial Industry Saudi Arabia Personal Finance Sector Personal Finance Sector Saudi Arabia Consumer Finance Sector , Saudi Arabia Personal Finance Market.
Gurugram, India, Jan. 17, 2023 (GLOBE NEWSWIRE) — KSA’s personal finance market is in a growth phase, driven by technological advancements and digitization in personal finance. Banks dominate the supply side of Saudi Arabia’s personal finance ecosystem, but emerging non-bank financial firms and fintech firms are expected to create fierce competition in the market.
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Due to the shift in interest in home ownership, Saudi Arabia Vision 2030 Project, The renovation and home improvement segments are expected to grow, which could support the domestic personal finance market.
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Key players in the personal finance market include Al Rajhi and SNB, followed by Emirates NBD and Banque Saudi Fransi. Non-banks such as Nayifat Finance Company and Emkan Finance Company are on the market.
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KSA’s working female population is on the rise, which is expected to lead to an increase in the market, thereby positively impacting KSA’s personal finance market.
Future of KSA Personal Finance Market: of KSA Personal Finance Industry It is expected to grow at a strong CAGR. Outstanding personal loans are expected to grow over the next four years. Wedding loans are expected to be dominated by renovation and home improvement loans, primarily driven by Saudi Vision 2030. increase and the public sector labor force is expected to decline.
Entry of new players into the market: New players entering the KSA personal finance market are FinTech companies. There are currently 82 fintech companies in the country and the number of these companies is expected to grow rapidly in the coming years. In the market, partnerships with FinTech firms and decision analytics firms are making the digital lending process more robust. For new entrants, we see strict changes in policies related to bankruptcies and other parameters.
Government policy: The KSA government’s Vision 2030 has a large economic plan aimed at improving employment numbers, which could also prove fruitful for the personal finance market. An increase in lending by large companies and the private sector is expected, in large part because privatization is on the rise as one of Vision 2030’s goals. KSA’s Vision 2030 includes a financial sector development program that envisions better access to financial products and aims to increase the share of cashless payments. Transactions through the development of digital infrastructure. The program also focuses on enabling FinTechs to drive innovation and competition. Fintech companies are expected to contribute significantly to the growth of the market.
report “KSA Personal Finance Market Outlook to 2026F – Driven by Advances in Digitization and Growing Consumption Needs” To Ken Research A comprehensive analysis of KSA’s personal finance industry potential. The report also covers industry overview and origins, market size in terms of number of outstanding credits and loans. Market segmentation by loan purpose, by supplier, by loan duration, by booking mode, by region, by borrower’s nationality, and by borrower’s place of employment. Growth enablers and drivers, challenges and bottlenecks, trends driving digital adoption. regulatory framework; competitive landscape including industry analysis, competitive scenario, market share of key players based on outstanding credit; The report concludes with future market forecasts and analyst recommendations for each segmentation.
Major Segments Covered:-
KSA Personal Finance Market
By Loan Purpose
To supplier
To Loan holding period
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less than 1 year
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1-2 years
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2-3 years
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3-4 years
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4-5 years
To Reserve mode
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To geography
By nationality of the borrower
hired by the borrower
Main Target Audience:-
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Duration recorded in the report:-
Target companies: –
Bank
non-bank
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Naifat Finance Company
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Emkan Finance Company (Owned by Al Rajhi Bank)
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Murabaha Marena Financing Company
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United Company for Financial Services (Tasheel Finance)
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Al Yusr Leasing & Financing
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Al Amtar Finance Company
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Tamamu
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Kuala Finance Company
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Taysia Finance
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Saudi Finance Company (acquired by Abu Dhabi Islamic Bank)
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Abdul Latif Jameel United Finance Company
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Oh Seoul Modern Finance Company
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Matagger Finance Company
Key topics covered in the report:-
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KSA Personal Finance Market Overview
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KSA Personal Finance Market Ecosystem
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Evolution of the KSA Personal Finance Industry
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KSA Personal Finance Market Size, 2017-2021
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KSA Personal Finance Market Segmentation, 2021 (By Loan Purpose, By Supplier, By Booking Mode, By Loan Duration, By Region, By Borrower Nationality, By Borrower Employment)
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Industry Analysis of KSA Personal Finance Services
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KSA Personal Finance Value Chain
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Key Growth Driver of KSA’s Personal Finance Market
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KSA personal finance industry trends and developments
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KSA’s Personal Finance Industry SWOT Analysis
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Islamic finance
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Problems and Challenges of KSA’s Personal Finance Industry
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Government Policies Affecting KSA’s Personal Finance Industry
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KSA Personal Finance Market Competitive Framework
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KSA Auto Finance Market Future Prospects and Forecasts, 2021-2026F
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Market opportunities and analyst recommendations
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research method
For more information on Market Intelligence, please visitsee the link below:-
KSA Personal Finance Market
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