Al Jabr Finance Company was established by the owners of Al Jabr Group of Companies. The history of the group dates back to 1952, when the sons of Sheikh Hamad Mohammed Al-Jabr began their journey in the world of commerce by establishing a small commercial company for foodstuffs in Al-Ahsa, then the years passed and their activities diversified after that to include contracting, building materials, electronics, automobiles, cardboard… Etc. Al Jabr Finance Company works to be among the best specialized and innovative companies in providing financing products in accordance with Sharia regulations and controls that meet the desire and aspirations of customers.
Al Jabr Finance Company offers a range of financing products:
1_ Financial lease product with the promise of ownership:
Financing assets (vehicles) for individuals on a time-limited lease with the promise of ownership at the end of the contract.
2- SME financing product with the promise of a gift:
Financing assets (vehicles) for SMEs on a time-limited lease with the promise of ownership at the end of the contract.
3- Murabaha product for small and medium enterprises:
Financing assets (vehicles) for SMEs under the Murabaha system for a specific period of time with ownership of the asset from the beginning of the contract.
4- Financing productive assets:
Financing assets (machinery, equipment) for SMEs either through Murabaha or lease-to-own for a specific period of time.
1_ Fill out the financing application form and have it signed by the authorized person with the company stamp, in case of a designated signatory (please attach a legal power of attorney outlining the signatory’s authority to sign the financing application form, identity of the person acting on behalf of the client, and identify the individual managing the top-level management, along with chamber of commerce certification of the signature).
2_ Audited financial statements for the last 3 years for financing amounts of 500,000 Riyals or more, along with the company’s current year’s performance results. The financial statements must be listed in the financial statements program.
3_ A copy of the bank account statements for the last six months, stamped by the bank, in the name of the institution or company.
4_ A copy of the commercial registration for the main activity. (Copies of the commercial registration for any subsidiary activities, if applicable).
5_A copy of the national ID card for the owner/partners owning 25% or more of the company’s shares. If the owner is a company, the IDs of all its owners must be collected to verify and inspect them.
6_ A copy of the establishment contract (Articles of Association, shareholder register, company ownership structure).
7_A company profile (details about the activity, introduction to the senior management, photos of projects if available).
8_اVAT registration certificate.
9_ National address.
