Riyadh - Exclusive Sharikat Mubasher: Tamweel Aloula, one of the first financing companies in Saudi Arabia, plans to develop and add more financing products to its portfolio within the upcoming period, Head of SME Unit Faisel Soliman stated in an interview with Sharikat Mubasher.

On the sidelines of Biban 2024, the official clarified that the company recently added two products: Real Estate Financing and Point-of-sale (POS) financing.

Tamweel Aloula provides a wide range of financing products for individuals and small and medium-sized enterprises (SMEs), including the Shariah-compliant finance method, Tawarruq, and Ijara service, Soliman noted.

The company, licensed by the Saudi Central Bank (SAMA), provides a unique digital experience that facilitates the process of obtaining financing solutions and offers financing solutions that meet the demands of the community.

Biban 2024, organized by the Small and Medium Enterprises General Authority (Monsha’at), takes place in Riyadh from 5 to 9 November, with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.

It targets creating a stimulating environment, raising administrative, financial, and technical competencies, and motivating the owners of ideas to launch their projects by allowing them to meet with local and global experts and share knowledge with key decision-makers and investors.

Throughout five days, Biban 2024 is expected to provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.