Jana Financial will continue exploring opportunities in Saudi fintech sector

GHADA.ISMAIL
Sep 9, 2024

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.


Share

Related News

SAMA launches trial phase of eSAMA portal with 23 Services
News
Calendar Icon
January 13, 2025
SAMA launches trial phase of eSAMA portal with 23 Services
readmore
HyperPay gets nod to expand digital payments in Saudi Arabia
News
Calendar Icon
January 9, 2025
HyperPay gets nod to expand digital payments in Saudi Arabia
readmore
Saudi e-commerce registrations rise 10%, reaching 40,953 by Q4-2024
News
Calendar Icon
January 6, 2025
Saudi e-commerce registrations rise 10%, reaching 40,953 by Q4-2024
readmore
United International Holding, Nowpay to launch payroll fintech Service in Kingdom
News
Calendar Icon
January 5, 2025
United International Holding, Nowpay to launch payroll fintech Service in Kingdom
readmore
Egypt’s Connect Money plans mid-2025 expansion into Saudi Arabia
News
Calendar Icon
January 5, 2025
Egypt’s Connect Money plans mid-2025 expansion into Saudi Arabia
readmore
Vision Bank obtains SAMA’s greenlight to launch its digital operations
News
Calendar Icon
January 1, 2025
Vision Bank obtains SAMA’s greenlight to launch its digital operations
readmore
Saudi Industrial Cities expand with MODON signing SAR 1.7 bn contracts
News
Calendar Icon
December 26, 2024
Saudi Industrial Cities expand with MODON signing SAR 1.7 bn contracts
readmore
EdfaPay obtains SAMA’s license as a soft-POS technology provider
News
Calendar Icon
December 22, 2024
EdfaPay obtains SAMA’s license as a soft-POS technology provider
readmore
Talaty raises new fund to facilitate loans to Morocco’s SMBs
News
Calendar Icon
December 22, 2024
Talaty raises new fund to facilitate loans to Morocco’s SMBs
readmore
Paymob brings Apple Pay for merchants revolutionizing digital payments in Egypt
News
Calendar Icon
December 19, 2024
Paymob brings Apple Pay for merchants revolutionizing digital payments in Egypt
readmore