Nayifat Finance Co. grows its total financing portfolio to **SAR 1.79 billion** by the end of Q2 2026, according to CEO Khalid AlJen. The company expands its lending or investment reach in Saudi Arabia’s financial sector. No further details on portfolio composition or customer segments are provided.
Nayifat Finance Co. appoints Khalid AlJenaidel as its new CEO. The board of directors approved the nomination on April 30, following a recommendation from the Nominations and Remuneration Committee. No further details about AlJenaidel’s background or prior experience were provided in the announcement.
Nayifat Finance Co. shareholders voted against reducing the board of directors from eight to six members. The decision stems from a proposal to amend Article No. 12 of the company’s bylaws. Shareholders upheld the existing structure, maintaining the current eight-member board.
Nayifat Finance Co. will trade ex-dividend on July 10, following its board’s decision to distribute a dividend. The company is listed on the Tadawul stock exchange. Shareholders meeting the ex-dividend date qualify for the payout.
