Abdul Latif Jameel Finance
Abdul Latif Jameel Finance, legally Abdul Latif Jameel United Finance Company, is a Saudi finance company licensed by SAMA, offering auto, cash, equipment, SME and microfinance products. It reported 2025 net profit of SAR 639 million.
Industry: Consumer and SME finance | Location: Saudi Arabia | Founded: 1979
About Abdul Latif Jameel Finance
Abdul Latif Jameel Finance operates in Saudi Arabia as Abdul Latif Jameel United Finance Company, a closed joint stock company licensed and supervised by the Saudi Central Bank (SAMA). Its paid-up capital is SAR 1 billion. Its licences cover financial leasing, productive assets financing, consumer products financing and real estate financing. It belongs to the Abdul Latif Jameel group, and Argaam reported in September 2025 that the finance business began in 1960 as a unit of Abdul Latif Jameel Co. Ltd.
The company offers auto financing and cash financing to individuals and businesses, along with heavy equipment financing, point of sale financing and Bab Rizq Jameel microfinance. Its 2025 board report breaks operating income into auto fleet, auto retail, consumer products, Tawarruq SME, Cash Jameel, microfinance and real estate lines. Its website shows Toyota, Lexus and Suzuki among its financing partners and offers separate apps for individuals and businesses.
Abdulkareem Asaad Abualnasr chairs the board, with Abdul Mohsen Al-fares as vice chairman. Dr. Khalid Alsharif is board member and senior executive general manager, listed as managing director, and is also described as chief executive. The executive team includes Bassam Andijani as chief financial officer, Hatim Ali Alhazmi as chief strategy and product officer, and Hasan Al Yamani as chief commercial officer. In the Argaam interview of 21 September 2025 at Money 20/20 Middle East, Alsharif said microfinance had provided about SAR 4 billion in loans and that the target is SAR 10 billion for roughly 400,000 beneficiaries by 2030.
The 2025 board report states net profit of SAR 639 million, against SAR 628 million in 2024, on total operating income of SAR 1,195 million, against SAR 1,044 million. Equity was SAR 3,514 million at the end of 2025. The company does not hold an ownership interest in any subsidiary. The board approved a new strategy in July 2025.
In 2025 the company received a gold award for SME financing from Kafalah and several awards at Biban 2025. Alsharif told Argaam that a Tadawul listing may be considered later but is not the present priority.
Leadership
- Abdulkareem Asaad Abualnasr, Chairman of the Board
- Abdul Mohsen Al-fares, Vice Chairman of the Board
- Khalid Alsharif, Senior Executive General Manager (Managing Director) and Board Member
- Bassam Andijani, Chief Financial Officer
- Hatim Ali Alhazmi, Chief Strategy and Product Officer
- Hasan Al Yamani, Chief Commercial Officer
- Hattan Bahanshal, Chief Technology Officer
- Mohammed Hablas, Chief Risk Officer