The annual financial statements of Tayseer Arabian, during the year 2019, showed the company's transformation into profitability, compared to a net loss for the previous years.

According to the statement issued by the company, the net profit in the year 2019 was about 23 million riyals, compared to a net loss of 24 million riyals in 2018 and 67 million riyals in 2017.

The company said that it achieved its first annual net profit in its history, as a result of positive management measures, lower operating costs and increased demand for the financing solutions provided by the company.

In the same context, CEO of Tayseer Arabian, Zaid Abdullah Al-Yaeesh, stated that the package of procedures, administrative improvements and development of the company's technical structure that we have carried out since the beginning of the year 2019 contributed to providing easy-to-reach financing solutions with lower operational cost, which led to an increase in the demand for services and portfolio injection. And achieving profitability.

It is worth noting that the Tayseer Arabian company recently invested in the field of financial technology to provide many services to its customers through the website.