The “Tayseer Arabian Company” announces that it achieved a breaking record of profits as the highest quarterly results of nearly 23 million riyals as net profits for the first quarter of 2023, with a growth of 58% compared to the same quarter of the previous year, which led to a steady growth in the financing portfolio.

The financial statements showed a good financial position for t Tayseer Arabian Company, after the operational improvements that took place in 2022 and the recently launched financing products, as revenues in the first quarter of 2023 amounted to approximately 66 million riyals, an increase of 78% compared to the first quarter of 2022.

These positive financial results are only the result of customers' confidence in the company, which led to a noticeable upward increase in the demand for financing products for individuals and small and medium enterprises.

In addition to the positive financial results, Tayseer upgraded its financing services with innovative, easy and flexible digital solutions. And launching the electronic platform to serve customers of establishments, as well as launching the upgraded version of the mobile application, contributing to reaching a larger segment of customers from all over the Kingdom and monitoring the performance of service provision in all electronic channels and branches through advanced systems to measure customer satisfaction at every point of contact.

In the same context, the CEO of Tayseer Arabian Company, Mr. Zaid Abdullah Al-Yaeesh, stated that the company is moving forward in implementing the directives of the Board of Directors to increase the financing portfolio by developing operating systems, completing procedures and comprehensive digital transformation in all aspects of business, as well as in providing distinctive financing solutions to its customers through We were keen to develop the company's digital infrastructure and create new financing products that suit their aspirations and needs and to fully benefit from government support programs for small and medium enterprises such as the sponsorship program and other supportive programs and to enhance the social aspect through active participation in community service and participation in social programs that reflect the extent of the company's interest in society and groups with special needs.

It is worth noting that Tayseer Arabia won the award for the best personal finance provider in the Kingdom for the year 2023, and we have many development and expansion plans that we are working on during the current year.

Tayseer Arabian Company continues its path in winning awards and recognition for its excellence in providing innovative financing services by winning the Best Personal Loan Provider Award in the Kingdom of Saudi Arabia for the year 2023 by the international publisher, Gazet International.

This award comes after the company provided the personal financing program with multiple advantages and different options that allow the customer to choose the financing program that suits his needs and enables him to obtain financing in an easy and fast way through electronic submission and advanced electronic services through the Tayseer application.

Gazet International is a magazine with a global entity for publishing the latest news in the field of banking and finance, and it works to honor and present competitive awards to distinguished international entities, so Tayseer Arabian Company came first in the Kingdom in the first place as the best personal finance provider, as the company and its team made great efforts to win this award Prestigious performance and thoughtful visions.

In this context, the company's management confirmed that the Tayseer entity and its board of directors continue to progress and persevere in winning awards and to be the best in the field of financing at the level of the Kingdom of Saudi Arabia, and in the footsteps of the company's vision, we continue to become among the five largest financing companies by the year 2025.

As a new achievement to be added to the list of achievements of Tayseer Arabian Company in its path over the past years in developing its systems and services and digital transformation, Tayseer Arabian Company was awarded the “Most Customer-Centric Financing Company” award in Saudi Arabia for the year 2022, granted by The global economics’, which was obtained after The company focused all of its investments and resources on the services provided, which are directly related to customers.

The Global Economics Limited is a UK-based financial publication and quarterly business magazine that provides thoughtful insights into the financial sectors in various industries around the world. This award stems from the prestigious annual country-specific World Economic Awards program where the best performers in various financial sectors around the world are identified and honored.

In a statement to Tayseer Arabian Company, said that receiving this award is an achievement added to the company's journey in serving customers and meeting various financing needs, stressing that the company is doing its best to provide the best financing solutions, making it at the forefront of financing companies in the Kingdom

Tayseer Finance confirmed that it is keen to provide the best financing experience to the client and diversify its services to serve all the needs of both sectors, companies and individuals, noting that its board of directors still has a lot to offer in the field of finance and digital technology, in line with the 2030 vision.

In the presence of the Chairman of the Board of Directors Sheikh Ibrahim Al-Jumaih and CEO Mr. Zaid Al-Yaeesh, Tayseer Arabian Company launched the electronic platform to serve the company’s customers of medium and small enterprises, which is a continuation of the complete digital transformation of the Tayseer Arabian Company strategy which provides a distinct and unique service to the customers of small and medium enterprises. This platform is considered one of the The company’s digital transformation management programs, which have been planned since 2019, aim to improve the services of small and medium-sized companies’ customers by facilitating their access to information and services in an integrated electronic form throughout the day.

It is worth noting that the electronic platform for serving customers of small and medium-sized enterprises is unique in the Kingdom, as it enables customers to manage their financing by reviewing all information related to the existing financing products and provides him with many services, including more than 16 electronic services with ease, and also provides the company's customers with convenience and time in Paying their dues, reviewing the existing financing, making it easy for them to view the account statement and payment schedule, and issuing related reports.

In this context, Mr. Zaid Al-Yaeesh, CEO of Tayseer Arabian Company, stated that Al-Tayseer has a digital transformation strategy according to which it is proceeding to achieve its vision and mission, noting that the new services meet the customers’ ambitions to complete most of their procedures through the application and the company’s website, without the need to visit the company’s branches across the Kingdom, and added This achievement is only in appreciation of the trust of our customers by choosing us to be their first destination in financing their ambitions, which contributed to the advancement of their business. Al-Yaeesh added that Tayseer Arabian Company will work hard to fully develop electronic services soon.

Tayseer Arabian Company announced that it achieved a net profit of about 54 million Saudi riyals for the year 2021. The company's sales also increased by 116%, amounting to 538 million Saudi riyals, over the year 2020.

The company stated that it recorded its highest net profit since the establishment of the company, as a result of the diversification of financing programs and the increase in demand for financing solutions provided by the company, as a number of major suppliers in the Kingdom's regions were signed in various fields such as car dealerships, the introduction of the Tawarruq program and the financing of small and medium enterprises.

On this occasion, the CEO of Tayseer Arabian Company, Mr. Zaid Abdullah Al-Yaeesh, stated that the development of the technical infrastructure of the company that we have implemented since the beginning of 2021 contributed to the impact on profits and made the company provide easy-to-access financing solutions compared to its competitors, which led to an increase in demand for services and the growth of the financing portfolio.

It is worth noting that Tayseer Arabian Company succeeded in achieving an important step in the digital transformation, as it worked on automating many operations and services, as well as launching the official website and application for mobile phones, which provides many services that enable the customer to follow up on agreements, pay dues, and manage services such as issuing authorization and others, without the need to visit the branches, and activate the automated response service through the official account of Tayseer Arabian Company in WhatsApp (Chat bot), to become the first financing company in the Kingdom to provide this service to its customers to facilitate communication through private messages and answer inquiries.

Tayseer Arabian Company has a wide development plan, not to mention the large base of clients throughout the Kingdom, which we serve with a dedicated and dedicated team, which enhances the company’s ability to achieve steady growth in the coming years, which enhances the company’s vision to be one of the five largest financing companies in the Kingdom.

Tayseer Arabian Company announced an exceptional profit of SAR 25 million for the first half of 2021. Tayseer Arabian Company announced an exceptional profit of SAR 25 million for the first half of 2021.

Mr. Zaid Abdullah Al-Yaeesh, CEO of Tayseer Arabian Company, said, "Thanks to Allah, we were able to achieve the guidance of the Board of Directors and the efforts of the company's employees in turning the losses of the first half of 2020 into profits in the first half of 2021.

"We believe that the financial indicators for 2021 will improve significantly from last year, especially as the financing market is recovering, pointing out that the Board of Directors is committed to implementing the company's strategy to introduce Shariah shariah financing solutions to meet the needs of individual and corporate customers, and the company seeks to keep up with the kingdom's vision 2030, expand its financing and diversification to support the development of the Saudi Arabia economy, and encourage savings, financing and investment in the belief of the importance of spreading and strengthening the financial culture.

Tayseer Arabian Company reported a net profit of SAR 23 million for 2019, but the Corona crisis prevented it from completing those profits in 2020.

In March 2021, Zaid Abdullah Al-Yaeesh, CEO of Tayseer Arabian Company, unveiled the branch of Tayseer Arabian Company in Riyadh and then in Buraidah, at an opening ceremony attended by a group of Tayseer customers as well as prominent economic figures. On this occasion, the service and financing solutions provided by Tayseer Arabian Company to old and new customers were explained through the company's specialized team.

The company's Riyadh branch is the first of its kind along with other branches in the Kingdom such as Dammam City branch and Jeddah branch, and Tayseer Arabian Company is expected to continue to expand within the Kingdom.

Mr. Zaid Abdullah Al-Yaeesh expressed his happiness with the geographic expansion which is an added value to Tayseer Arabian company, which is located in more than 9 Saudi cities, with 12 total branches, all of which offer various and accessible financing programs to create tangible opportunities for the growth of the country's economy according to the Kingdom's vision 2030, and the number of beneficiaries of funding in Riyadh has reached nearly 5,000 customers.

Tayseer Arabian Company is a specialized company in the field of financing for the individual and corporate sectors licensed by the Saudi Central Bank "SAMA" which complies with Islamic law in all financing services. Tayseer Arabian Company offers financing solutions in the field of cars, production assets, appliances and equipment, as well as various financing programs for individual and corporate customers across Saudi Arabia through its presence through a wide network of showrooms available in strategic locations in Riyadh, Jeddah, the Eastern Region and other cities.

All financing solutions granted by Tayseer Arabian Company are subject to Islamic law and its relevant documents will be available to the company's customers only with the approval of the Shariah Authority, and the company will independently verify the validity and quality of the application.

Tayseer Arabian Company Finance's services include various financing services for individuals and companies such as automotive, motorcycle and marine financing for individuals, fleet financing for companies and institutions, personal cash financing, financing of medical equipment and equipment, financing factory production lines, financing kitchen and restaurant equipment, financing small and medium-sized enterprises, financing heavy equipment, financing medical services, and financing tuition fees.

On a similar note, Tayseer Arabian company is keeping pace with the digital boom in the world and in the Kingdom by offering advanced solutions such as Instant Payment Service, Credit Card Payment, Self-Telephone Services, WhatsApp Self-Services, Monthly E-Mail Statement, Mobile App Launch, Text reminders and WhatsApp.

Tayseer Arabian company was awarded the Fastest Growing Finance Company in the Kingdom in 2019, followed by the Best Finance Company in Digital Transformation in the Kingdom for 2020, and The Tayseer Arabian Finance company Team still has a lot to offer in the field of finance and economic digitization, keeping pace with the acceleration and continued growth in the digital business system, which is occurring in parallel with the growing needs of customers.

Tayseer Arabian Company offers many financial solutions to individuals and companies to allow them to complete their various businesses and meet their needs and develop the performance of their startups, in accordance with islamic law, simplify the procedures for obtaining financing, and provide payment facilities at periods of up to five years and at the lowest monthly premiums compared to other providers of the same services.

The financing provided by The Tayseer Arabian Company includes the financing of cars for individuals and companies, where individuals can own a new or used car through many programs provided by the company and suit islamic law, including buying the company the car that the customer wants and then selling it to the beneficiary by a profit margin, or a program 50% now and 50% later means paying a payment at the time of purchase of the car and then another payment after a year or two, or the monthly rental financing system by paying the person Rental value for the car he wishes to buy, but for companies, it provides car finance services through car parking or financing leasing, which provides many privileges for companies that do not have the liquidity to buy a fleet of cars, where he provides them by buying them directly or renting them to save expenses with the possibility of buying them at the end of the lease period and making a profit by selling them at a higher price or returning them to the lessor if their value decreases.

Among the financing solutions provided by Tayseer Arabian Company are personal finance, which enables an individual to finance all his basic needs of spending on education, covering the costs of marriage, renovating the house, paying travel costs, or medical fees from operations and examinations, in the simplest and uncomplicated procedures, with repayment periods of up to 5 years and the value of monthly installments commensurate with the financial capacity of the beneficiary without incurring additional burdens such as VAT.

Tayseer Arabian Company also provides affordable financing to entrepreneurs in accordance with Islamic law to finance the purchase of their projects' production lines, transportation and headquarters, and not only financial support, but also packages of technical services, including free consultations.

Zaid Abdullah Al-Yaeesh, CEO of Tayseer Arabian Company, said the company is keen to study the market well and know the needs of citizens and companies from financing programs to keep up with them, noting that the current programs cover most of their needs.

He added that Tayseer Company is keen to provide all its services without complication to its customers, which made the company implement an integrated service for digital transformation in line with the vision of the Kingdom 2030, where it enabled customers to benefit from its services through smart applications, and provided a collection service to pay its dues electronically, stressing that the company intends to expand the finance market and acquire the largest possible market share.

Since its inception, Tayseer  Arabian Company has made a strong start in the Islamic finance sector, with a large amount of financial financing it has provided to companies and SMEs to help expand its business, which has contributed to the national economy and strengthened the role of SMEs in the development of the economy.

Since its inception and the launch of the facilities financing program, more than 1,098 facilities operating in seven economic sectors, including the agricultural, technological, industrial and retail sectors, have benefited from a total of SAR 1.18 billion in financing, said Tayseer  Arabian Company spokesman.

Tayseer  Arabian Company added that these funds succeeded in supporting and enriching start-ups for SMEs, noting that they provided significant facilities for those wishing to obtain them, including ease of application procedures, and explaining the details of the various financial financings provided by the company, so that the beneficiary chooses the most appropriate program for his enterprises in light of his needs, which may finance them by 100%.

The company explained that the funding it pumped into companies was used to spend on expansion plans by purchasing production equipment to develop their products, purchasing transportation, assets or in terms of cash finance.

Tayseer  Arabian Company confirmed that the company not only provided financial support to them but provided financing consultation before and after receiving the financing to ensure that it is spent properly and for the purpose for which it is granted to achieve its objectives for these companies.

Mohsen Al Jaber, one of the entrepreneurs who received funding from Tayseer  Arabian Company, said that his experience with the company is successful by all standards, starting with providing financial advice by their employees, which enabled him to choose the financing product in accordance with the needs of the facility through the easy financing procedures and ended with the distinguished service of their employees.

Mohammed Abdullah, one of the pioneers in the automotive sector, said that he was looking for easy financing to help expand the activity of the facility and increase the number of its fleet of cars, and after research and comparison was chosen Tayseer Arabian Company, which provided me with the best financing solutions for the facility through the transportation financing program that contributed to increasing profits in the expansion of the branches of the facility.

Tayseer  Arabian Company provides up to 100% of the amount of their financial needs for the expansion of their projects, in accordance with Islamic law, and provides other funding programs to support individuals, including Personal-loan, Medical Services, Education and car Auto-finance.

Tayseer Arabian Company is working to fully digitize financing services as a specialized financing company for the individual and corporate sectors licensed by the Saudi Central Bank (SAMA) which complies with Islamic law in all financing services. The company offers financing solutions in the field of cars, production assets, appliances and equipment, as well as various financing programs for individual and corporate customers across Saudi Arabia through its presence through a wide network of showrooms available in strategic locations in Riyadh, Jeddah, the Eastern Region and other cities.

One of the most important digital solutions offered by Tayseer Arabian Company for post-financing services is electronic payment methods, many of which have such forms as:

● Bank card payment (Mada-Visa- MasterCard) through our website or mobile facilitation app

● Payment through SADAD payment system

● Pay in cash or through credit cards (Mada/Visa/MasterCard) at the company's branches

● Pay through STC PAY and Apple Pay

Tayseer Arabian Company also provides various electronic services to finance personal cars such as a driving permit, the first authorization of which is issued in the name of the customer in his capacity as the actual user in the car form when signing the lease and is delivered to him upon receipt of the car, and enables the company to issue an internal driver's license if he wishes.

Tayseer Arabian Company also offers the opportunity to renew the driver's mandate electronically, if you wish to renew the permit to the additional driver through the electronic services page of the user's finance account, attach the required documents and pay the fees. An additional driver can also be authorized to drive and register through the E-Service page of Tayseer Arabian Company.

Tayseer Arabian Company enables the customer to travel by car outside Saudi Arabia when obtaining an international command authorization, as the internal command mandate is not approved outside Saudi Arabia

Tayseer Arabian Company also provides the service of issuing the license of the alternative vehicle (lost allowance) for the original license through the electronic services page,

It allows the customer to obtain the additional key for a specified period due to the loss of the key or the closure of the car with the original key inside, he must submit the request to apply for the reserve key.

Finally, when paying the full monthly rents and wanting to own the car, the customer can submit his application through the electronic property transfer service, raising the required documents, filling out the necessary forms and paying the costs and fees of the transfer of ownership.

Tayseer Arabian company was awarded the Best Financing Company in Digital Transformation in Saudi Arabia 2020, awarded by MEA Finance Magazine, a publishing body specializing in covering commercial and retail banking, investment, Islamic finance, technology and wealth management, following the company's efforts to shift to providing sharia-compliant financing services and collecting its dues to customers electronically.

Tayseer Arabian company said in a statement that receiving this award is another achievement in addition to the company's march in supporting the financial finance sector leading to its development, and meeting the various financing needs of citizens, stressing that the continuous efforts in providing the best technical and financing solutions, making it always one of the leading companies in the Saudi finance market.

Tayseer Arabian company added that receiving this award as the best company in the digital transformation in the field of finance demonstrates the interest in facilitating its financial service and developing its programs to establish the advanced financing system in Saudi Arabia, noting that its board of directors still has a lot to offer in the field of finance and economic digitization, keeping pace with the acceleration and continuous growth in the digital business system, which occurs in parallel with the growing needs of customers.

This is the company's second award in two years, with the company already awarded the Fastest Growing Car Finance Company 2019 award by Global Business Outlook, a British publishing body specializing in sensitive sectors such as finance and the economy, where the publishing body provides comprehensive, detailed, realistic and up-to-date coverage of global banking, insurance, brokerage, Islamic finance, brands, energy, hospitality, emerging real estate and emerging technologies such as Blockchain Internet of Things.

Tayseer Arabian company emphasized its keenness to develop its services in providing various financing solutions to meet its growing needs, expanding its beneficiary base, and diversifying it to serve all the needs of individuals and companies.

Tayseer Arabian company is working to provide many financing programs in accordance with Islamic law, such as the car purchase financing program for individuals and companies, personal financing to pay for travel, education and medical treatment, in addition to providing financing to start-ups to buy equipment and means of production, expand the size of their business and increase their profitability, and in 2020 the total volume of financing reached 248 million riyals from which the institutions acquired 64% and individuals 36%.

Tayseer Arabian Company offers one of the fastest Shariah-compliant financing solutions in the world through personal loan service of SAR 100,000 and in installments from 12 months to 60 months, or up to 5 full years. The amount is transferred within only 24 hours without having to repay the loan by transferring the monthly salary without a sponsor.

Tayseer Arabian Company has made the most of the era of economic digitization by submitting the application form for the loan online in full on the company's website to grant the loan applicant approval within a few minutes, with a competitive and steady profit margin for the duration of the loan repayment, while also offering the possibility of early settlement.

Who can obtain a personal loan from Tayseer Arabian Company?
Tayseer Arabian Company gives all Citizens of Saudi Arabia the opportunity to apply and obtain a personal loan on easy terms and in flexible and easy repayment methods, to meet the needs of the Saudi citizen to bear the cost of marriage, buy a house, buy a car, and other basic needs in life.

What are the conditions for obtaining a personal loan from Tayseer Arabian Company?
One of the most important conditions that an applicant other than being a Saudi national must be that the applicant must not be at least 21 years of age at the time of application, be a worker in any sector, whether in the government, military or private sector, have a salary of at least SAR 5,000 per month, and have a minimum duration of 6 months in his current work.

What documents are required to apply for a personal loan from Tayseer Arabian Company?
Salary identification letter (certified by the Chamber of Commerce for the private sector).
Valid ID.
Social security.
National address.
Bank statement for 3 months.

After-funding services

Tayseer Arabian Company offers digital facilities for all post-financing services where there are multiple payment methods that enable you to choose the right way for you to pay and pay off loan installments such as:
• Bank card payment (Mada- Visa - MasterCard) through our website or mobile facilitation app
• Payment through SADAD system. Biller Name: Tayseer Arabian Company, Biller Code:052
• Pay in cash or through credit cards (Mada/Visa/MasterCard) at the company's branches

Tayseer Arabian Company is a specialized company in the field of financing for the individual and corporate sectors licensed by the Saudi Central Bank  "SAMA" which complies with Islamic law in all financing services. The company offers financing solutions in the field of cars, production assets, appliances and equipment, as well as various financing programs for individual and corporate customers across Saudi Arabia through its presence through a wide network of showrooms available in strategic locations in Riyadh, Jeddah, the Eastern Region and other cities.

All types of loans provided by The Tayseer Arabian Company conform to the basic principles of Islamic law, they offer Islamic solutions such as Tawaruq, leasing, and profitability, and are applied in the development of the Islamic economy.

In 2020, the Board of Directors of Tayseer Arabian Company announced the company's success in providing sharia-compliant financing through programs that it provides to individuals and companies worth SAR 248 million.

Zaid Abdullah Al-Yaeesh, CEO of Tayseer Arabian Company, said that the Tawaruq product launched in the fourth quarter achieved 12% of the volume of financing equivalent to 28 million riyals, and the murabaha product accounted for 10% of the total financing by 24 million riyals, noting that the total financing leasing product reached 195 million riyals of total financing by 79%.


Al-Yaeesh said enterprises accounted for 64% of the total amount of funding, while individuals accounted for 36%.

Zaid added that the company's figures exceeded expectations in 2020 despite the repercussions of the Corona crisis, stressing that the company has wisely dealt with these repercussions to reduce its effects on its financial lists.

He added that the company's strategy seeks to keep up with the kingdom's vision 2030, expand its financing and diversification to support the development of the Economy of Saudi Arabia, and encourage savings, finance and investment in the belief in the importance of spreading and promoting financial culture for customers.

Al-Yaeesh said the company is keen to deepen and diversify its financing services to support institutions and startups to serve the Kingdom's economy and create jobs for young people.

Tayseer Arabian Company reported a net profit for fiscal year 2019-2020 of approximately SAR 23 million, compared with net losses of SAR 24 million in 2018 and SAR 67 million in 2017.

The company said it made the first annual net profit in its history, as a result of positive management measures, reduced operating costs and increased demand for the company's financing solutions.
 

Tayseer Arabian Company has provided a variety of electronic payment channels to make it easier for its customers to pay their monthly installments, as part of its plan to support digital transformation in Saudi Arabia. The company's electronic payment channels included payment through the STC Pay app, payment via Apple Pay to iPhone customers, payment via bank cards to various banks, and the possibility of payment through its "Tayseer" smart app.

The introduction of the payment service through the STC Pay app, followed the agreement signed by the company with STC Communications to join as a partner to enable its customers to use the application in the payment of monthly dues and service fees, stressing that the launch of the payment service via STC pay is only a confirmation of the company's continued work in providing easy payment methods to its customers and single out distinctive services for Tayseer Arabian Company customers.


Tayseer Arabian Company has provided apple pay via Safari browser, through which payment is made in quick and easy steps compared to other payment methods.

Tayseer Arabian Company facilitation enables its customers to use modern technology to pay their payments as part of its digital transformation strategy, through which it works to rely on technology in all its dealings, not only in collecting its dues, but to facilitate customers and make use of all its services digitally to expand its customer base, and to create new financing services to suit their needs.

Tayseer Arabian Company confirmed that it twitter chat Bot direct response services on the Twitter platform has been launched beginning of August 2021, which comes as part of the plan to automate the different communication channels and link them to some ensures the smoothness of the work and the arrival of the customer and visitor to the Tayseer employee from several electronic channels.

Tayseer Arabian Company is one of the fastest companies in digital transformation, and in 2020, MEA Finance Magazine, a publishing company specializing in business banking, retail, investment, Islamic finance, technology and wealth management, was awarded the Best Digital Transformation Finance Company in the Kingdom.

The financing services provided by Tayseer Arabian Company in accordance with Islamic law include financing the purchase of cars for individuals and companies, personal financing to pay for travel, education and medical treatment, as well as providing financing to start-ups to purchase equipment and means of production, expanding the size of their business and increasing their profitability.

Tayseer Arabian Company has launched new services for its customers to facilitate the use of its financing, which is the facilitation of senior customers., CEO of Tayseer Arabian Company Zaid Abdullah Al Yaeesh, said that as part of its plans to facilitate its customers, the company has developed a new service for senior customers "Tayseer Premier", through which he can get the various financing services provided by the company as soon as possible, without waiting over the phone or branches, as well as enable him to provide their documents in any branch, and if one of the customers of the car finance programs will be connected to any location he wishes.

The CEO of Tayseer Arabian Company added that the company seeks to provide all facilities to its customers, pointing out that it also launched a range of post-financing services for car financing programs including driving permit, issuance of car travel permits outside the Kingdom, procedures for transporting the car to heirs in the event of the death of the tenant during the financing period, car insurance immediately after the signing of the lease, and the transfer of ownership of the car after the 'expiry of the lease period and early ownership of the car during the contract period.

CEO of Tayseer Arabian Zaid Abdullah Al Yaeesh said the company is keen to deepen and diversify its financing services to support institutional and startup individuals to serve the Kingdom's economy and create jobs for young people.

Tayseer Arabian Company continues to provide easy and sharia-compliant financing solutions to Saudi entrepreneurs in the private sector to help support and enrich start-ups for SMEs and help them get off to a strong start-up in the business world, where the amounts funded since the establishment of Tayseer Arabian Company to more than SAR 1,182,450,967, in more than 7 different sectors, and for more than 1,098 establishments, with a funding ratio of up to 100%.

What are the advantages of obtaining a corporate loan from Tayseer Arabian Company?
The loan is compliant with Islamic law.
Flexible and easy payments.
Flexible contract duration.
Speedy response to funding requests.
- A specialized service team.
- Free funding advice
- Your relationship manager
Payment solutions tailored to your business monthly, quarterly or half-yearly.

What documents are required to obtain a corporate loan from Tayseer Arabian Company?
- Funding application form (signed by the client)
- The establishment contract for companies explaining the powers of the director
- A copy of the main and sub-record is valid
- Financial statements for the last 3 years audited by the legal authorities
- TAMM print (Car Rental Facilities)
- National address
- GOSI Print
- Bank statement for the last three months
- Owners/Owner Status Card
What are the different types of companies and establishments that receive Tayseer Arabian Company funding?
Tayseer Arabian Company offers various financing solutions for SMEs that are divided into financing leasing, murabaha financing, and cash financing in the following sectors:
- Transportation financing.
- Financing production lines.
- Financing of medical equipment.
- Financing restaurant and kitchen equipment.
- Funding the touareg.
- Financing for point-of-sale collection.
- Central air conditioning funding.
How do corporate and facility loans from Tayseer Arabian comply with Islamic law?
Tayseer Arabian Company is a specialized company in the field of financing for the individual and corporate sectors licensed by the Saudi Central Bank "Sama" which complies with Islamic law in all financing services. The company offers financing solutions in the field of cars, production assets, appliances and equipment, as well as various financing programs for individual and corporate customers across Saudi Arabia through its presence through a wide network of showrooms available in strategic locations in Riyadh, Jeddah, the Eastern Region and other small cities.

All types of loans provided by Tayseer Arabian Company conform to the basic principles of Islamic law, they offer Islamic solutions such as Tawaruq, leasing, and Murabaha, and are applied in the development of the Islamic economy, and the foundations of its application require participation in profit and loss, In addition, Islamic finance prohibits badger trading and investment in businesses involving goods or services prohibited by Sharia.

Tayseer Arabian Company Finance’s services not only finance companies and facilities but also provide financing programs for individuals such as car, motorcycle and marine financing for individuals, personal cash financing and tuition financing.

On a similar note, Tayseer Arabian Company offers outstanding solutions for post-financing services that keep pace with the digital boom in the Kingdom by offering advanced solutions such as Instant Payment Service, Credit Card Payment, Self-Telephone Services, WhatsApp Self-Services, Monthly E-Mail Statement, Mobile App Launch, Text And WhatsApp Reminders.

As an extension of the hard work and continuous efforts made by Tayseer Arabian in previous years in providing financing solutions, its distinction and pioneering its financing programs, Tayseer Arabian Company won the “Fastest Growing Finance Company in Auto Finance 2019” award  By Global Business Outlook, a British publisher specializing in critical sectors such as finance and economics, this publication provides comprehensive, detailed, realistic and up-to-date coverage of global banking, insurance, brokerage, Islamic finance, brands, energy, hospitality, emerging real estate and emerging technologies such as Blockchain and Internet of Things .

Tayseer Arabian obtained this award, as this award is the first of its kind as the fastest financing entity among financing companies in the Kingdom, which Tayseer Arabian obtained during its career, which enabled the company to consolidate its position and active role in the growth of the financial sector and establish the advanced financing system in the Kingdom.

Tayseer Arabian follows the highest standards to develop its financing programs and solutions, in order to meet the growing needs in the local market, broaden the base of beneficiaries of these solutions on the one hand, and enhance its financing programs with qualitative advantages that suit all the needs of the individual, corporate and business sectors.

In view of the technical progress and the huge and rapid development in the technologies that affect business, the Kingdom of Saudi Arabia is directing digital transformation and information technology.

Tayseer Arabian Company established a committee for artificial intelligence with the membership of a group of employees in line with the vision and direction of the company that focuses on creativity and innovation in providing services to be the forerunner of what is new in the world of business and information technology in the finance sector.

There are many benefits of using AI in financial services:

1. It can enhance efficiency and productivity through automation.

2. reduce human biases and errors caused by psychological or emotional factors.

3. improve the quality and conciseness of management information by spotting either anomalies or longer-term trends that cannot be easily picked up by current reporting methods.

4. Fasten the finance processing and approvals.

5. Shorten waiting time during customer services.

The application started by appointing 4 virtual employees in the following sections: (Customer Service - Collection - Sales - Marketing).

Tayseer Arabian Finance Company has signed a cooperation agreement with the "KAFALAH of Financing for Small and Medium Enterprises" program aimed at facilitating the financing of small and medium-sized companies,

The agreement aims at joint cooperation between the two parties to overcome the obstacles and challenges facing the SME sector in order to contribute to upgrading this sector and increase its contribution to the national economy. The agreement was signed by Humam Hashem, General Manager of Kafalah, and the CEO of Al-Tayseer Company, "Zaid Al-Yaeesh", by video calling, due to the current circumstances.
This agreement came within the framework of expanding the services of the “Small and Medium Enterprises Financing Funding Program” to include non-bank financing companies, following the signing of the program with the General Authority for Small and Medium Enterprises “MONSHAAT” a cooperation agreement aimed at joining the program to the financing portal and providing financing services with banks and financing companies for enterprises Small and medium.

For his part, the CEO of Tayseer Arabian Company, Mr. Zaid Abdullah Al-Yaeesh, confirmed that this agreement, which aims to support small and medium enterprises wishing to obtain financing operations from Al-Tayseer, comes within the company's efforts to meet the current and future needs of its customers, which enhances the company's leading role at the level of The financial sector in the field of financing small and medium enterprises that comply with the provisions of Islamic Sharia. His Excellency added that the signing of this agreement is considered a fruitful and constructive cooperation to support the Saudi economy and implement the strategy of the government of the Custodian of the Two Holy Mosques to support the national economy through the development of the enterprise and labor sector.

Pursuant to what the Saudi Arabian Monetary Agency announced in the framework of the government’s efforts “may Allah bless it” to reduce the effects of the Corona virus (COVID-19), Tayseer Arabian Company announces the start of implementing the foundation’s program to support private sector financing by delaying the payment of obligations of private sector institutions and companies For small and medium enterprises for a period of six months from its date, in order to support and enable this sector to play its role and contribute to achieving the goals of the Kingdom of Saudi Arabia 2030 vision.

Aljomaih Group announced that it has signed an agreement with Arabia Insurance, according to which vehicle insurance services will be provided to Al-Jumaih Group and its subsidiaries and strategic units for a calendar year starting from 01/03/2020 AD, as the approval and renewal of the agreement took place on 02/27/2020 and Pursuant to these two agreements, Arab Insurance Company to provide general and vehicle insurance coverage to the group and its subsidiaries (which includes Al-Jomaih Automotive Company, Tayseer Arabian Company, Al-Jumaih Refreshments Company and Al-Jumaih Rent A Car) in accordance with the agreed terms and conditions. These agreements reflect the confidence of Aljomaih Group in the ability of the Arab Insurance Company to provide the best services to its customers in addition to the financial position of the Arab Company. It is expected that this contract will have a positive financial impact on the results of the company, which will appear starting from the second financial quarter of this year. The agreement was signed by Al-Jumaih Group representative Mr. / Zaid Abdullah Al-Yeesh, CEO of Tayseer Arabian Co. and Chairman of the Insurance Committee and Mr. Ziad Alrubaish from Arabian Insurance Co,

It is worth noting that the joint cooperation between Al-Jumaih and Arabia Insurance Group in the field of insurance started since 2011, which reflects the depth of the partnership relationship between the two parties and is backed by the competitive capabilities and advantages that Arabia possesses in terms of financial strength, technical expertise that extends for more than 15 years, and the diverse insurance portfolio that It includes more than 60 types of insurance in the medical, automotive, property and accident sectors, in addition to providing high quality services, through the most qualified human cadres in the field of insurance.

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.

Tayseer Finance and STC Pay signed the joining agreement as a partner to enable its valued customers to use the application to pay their monthly dues and service fees. The move comes through management efforts to provide innovative and new payment channels that will make it easier for customers and provide them with various payment options.

Tayseer Finance and MONSHAAT signed an agreement to join the company in the electronic financing portal via the Monshaat electronic website. The agreement was signed by the company, Mr. Zaid Abdullah Al-Yayeesh, CEO of Tayseer Arabian Finance Company, and by Mr. Mohammed Almalki, Deputy Finance.

The agreement includes showcasing Tayseer Finance SME's finance solutions through the financing portal, ability to follow-up to financing requests, credit examination and providing a response within a specified period.  

The signing of this agreement comes from the company's keenness to activate the SME's financing program to contribute to advancing development in various fields and to provide a number of financing services that meet the needs of many sectors in the Saudi market, as well as an endeavor and interest from the company and to activate its role in supporting national initiatives and achieving sustainable development to improve financing transactions.

Tayseer Finance participated in the Biban Forum, Riyadh, which started from Wednesday, January 29 to Saturday, February 1, 2020 at the Riyadh front, and was organized and supervised by the Small and Medium Enterprises Authority “MONSHAAT”, where more than 20 companies presented their products to finance entrepreneurs and small and medium enterprises. The exhibition aims to provide financing products for entrepreneurs and owners of small and medium enterprises from the "Kingdom's Vision 2030", in addition to opening up the horizons of cooperation between the financial authorities and entrepreneurs who seek successful investment.

The exhibition organizers said that the participating authorities seek and provide all the required information and create the necessary environment for entrepreneurs to obtain the information necessary for their success in their projects and to develop their financing for small and medium enterprises, where the exhibition brings together under one roof all government agencies and launch accelerators and private bodies that support entrepreneurs and companies Financing and installments that provide the best offers and financing services.

The exhibition serves all members of society with different entrepreneurs, their products, ideas and needs all, as the number of participating parties increased in this forum compared to last year 30%, and that the number of visitors during the past year reached about 22500 visitors per day, and reached nearly 35,000 thousand visitors per day for this year . Tayseer finance provided through several options, targeting all groups financing small and medium enterprises.

For his part, CEO of Tayseer Finance, Mr. Zaid Alyaeesh stated, “Our participation in Biban Riyadh for 2020 is something we hold for being the launching point of our innovative financing solutions for small and medium enterprises, and gave a good impression to visitors to our company Platform for adequate financing and an adequate definition of us and our products, and enables the exhibition visitors to obtain the Sufficient knowledge for SME's financing. "
He added that the goal of the company to participate is to attract the largest number of visitors, pointing out that "the number of funding requests exceeded the initial 177 requests, and we hope that the number will rise in the next version of the exhibition."

It is worth noting that all financing solutions for entrepreneurs have been studied and launched in cooperation with the Social Development Bank and the Small and Medium Enterprises Authority (MONSHAAT) as its main financier under the Indirect Lending Initiative.

At the end of the Tayseer Finance works for the year 2019, the company held a honoring ceremony for senior customers, which was organized in cooperation with Al-Jomaih Automotive Company in Buraidah in the end of November 2019. At the distribution ceremony, many corporate clients who were success partners of our business in 2019 were honored. These awards honored outstanding contributions and accomplishments in the finance sector and developed them in line with our business map.

CEO of Tayseer Finance signed a contract to finance 1,000 cars with the Diplomat Rent A Car Company represented by Mr. Abdul Rahman Al-Bassam. This agreement comes in the process of supporting the car rental business in the Kingdom, through which we have strengthened our relationships with our customers with financing solutions that will have a significant improvement in the business in 2020. 

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Tyaseer has signed the partnership contrat with Monshaat and Development Bank to finance the SME sector

Tayseer Finance has hosted the biggest prize fro national day event held at Imam Abdulrahman bin Faisal University, Changan Eado 2019 was the biggest prize that all university students were hoping to win it.

our represntative at the event has introduced our finance program and explained briefly about the company and its all activities.

On Wednesday 25/9/2019, Tayseer Company signed a cooperation agreement with Saudi Airlines Cooperative Society to provide financing facilities for Saudi Airlines employees.