Riyadh - Sharikat Mubasher: The Saudi-based Intelligent Solution Company for Digital Brokerage (Arib) officially launched its digital brokerage services in Saudi Arabia after obtaining a license from the Saudi Central Bank (SAMA) three months ago, the company announced in a statement.

Arib is a fintech and digital broker for personal loans in Saudi Arabia that provides consumers with all financing services from different banks and financing institutions.

It helps customers choose the best auto financing options pertaining to their credit profile quickly and easily while increasing sales, lowering costs, and offering access to new clients for banks and car dealerships.

Waleed Talat, CEO of Arib, stated that the company aspires to reshape the finance landscape in the Kingdom by providing an inclusive digital experience to customers seeking to secure finance, whether individuals or corporates.

He added that Arib plans to attract the largest bracket in the Saudi market within the upcoming period and fulfill the customers’ growing needs across the Kingdom.

Talat further affirmed that Arib is committed to improving customer experience and keeping pace with the rapid changes in the finance sector, in alignment with Vision 2030’s digital transformation goals.

It is worth noting that Arib recently secured SAR 8.6 million in a seed round led by Merak Capital.