Riyadh – Sharikat Mubasher: Abdulmajeed Al-Mutairidi, Board Member and Chief Executive Officer of Jana Financial told Sharikat Mubasher that units distributing companies are considered an arm that financial companies can use for collecting funds through fintech apps and platforms.

Al-Mutairidi made this statement during his participation in the first edition 24 Fintech Exhibition, which took place in Riyadh City from the 3rd to the 5th of September.

 These unit distribution companies managed, through investment funds and capital ventures, to distribute between SAR 300 to 350 billion worth of units, which makes it a very promising market that is able to attract a new segment of investors from outside the Kingdom.

He added that Jana Financial is constantly exploring opportunities and trying to identify the gap that already exists in the market in terms of private equity funds, capital ventures, and financing funds.

Jana Financial is also interested in the real estate sector, being one of the largest and most promising sectors, which eyes all societal segments and categories, for being an easy and simple sector to study and explore.

However, the company’s greatest focus in the current phase will be directed to areas like the industrial and funding sectors for the key role they play in achieving Vision 2030.

Jana Financial is a fund management platform that allows users to invest in different real estate funds, authorized by the Capital Market Authority (CMA) in Saudi Arabia.