Gulf Finance Corporation Saudi Arabia, a leading provider of Shariah compliant financing to SMEs, has announced the appointment of Thamer A. Jan as Chairman of the Board of Directors.
"I am honoured to join Gulf Finance Saudi Arabia as Chairman during this exciting period in the company’s development,” saidMr. Jan. “Gulf Finance Saudi Arabia has seen solid year-on-year growth since the company was launched three years ago, and has recently successfully secured financing to continue expansion of its operations.”
“The SME sector is a crucial part of the Saudi economy and is likely to become even more significant going forward. As one of the few companies focused purely on provision of Shariah compliant asset finance, we also aspire to become one of the key players in the development of this sector by providing unique solutions catering to the SME business segment.”
Thamer A. Jan currently serves as a member of the board at ENBD Capital – Saudi Arabia, and is also a member of the board at Delta Co., a closed Joint Stock company operating in the Kingdom. He was the General Manager of Commercial Banking in SABB (The Saudi British Bank) until 2013. Prior to that, he was the Regional General Manager – Western Province at Saudi Hollandi Bank for 3 years.
David Hunt, CEO of Gulf Finance, also commented “Thamer is a seasoned banking professional with over 20 years’ experience of having worked in the financing sector in Saudi Arabia, and on behalf of Gulf Finance we are pleased to welcome him as Chairman. His insights and expertise will be a valuable asset to the company leadership as we continue to expand our product range and business operations across the Kingdom.”
The Gulf Finance Saudi Arabia board of directors currently consists of Thamer A. Jan, Chairman, Ahmed Al Qassim, Vice Chairman, Saad Al Arfaj, John Blanthorne and Houssem Ben Haj Amor.
Gulf Finance Saudi Arabiawas launched in November 2012 and provides Shariah-compliant lease and instalment facilities to small businesses in the Kingdom. It is the sister company of Gulf Finance Corporation in UAE which is headquartered in Dubai and has provided SME funding solutions to businesses in the Emirates since 1997. Gulf Finance Corporation UAE is a wholly-owned subsidiary of Dubai-based investment firm, SHUAA Capital.
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