KSA Personal Finance Market is expected to grow at a CAGR of 15.7% in the forecasted period of 2022-2026F: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Saudi Arabia is a relatively young country and with consistent growth in the population, there would be a rising financial need for education, healthcare, and housing which in turn will drive the consumer finance market in the Kingdom. KSA Personal Finance Market Overview: The Personal Finance Market in KSA is currently at the growth stage owing to technological advancements, internet user penetration, population growth and digitalization in personal financing. The increasing needs of consumers and growing urbanization has increased the prospects of market. The overall industry is growing substantially with the outstanding credit increasing with it. KSA Personal Finance Market Growth: The number of loans taken as well as the outstanding credit for the Personal Finance Market in KSA took a huge leap from 2020 to 2021 due to the growing consumption needs of Saudis. With growing urbanization and digitalization, consumers have started to spend more on goods such as furniture, home appliances, technologically advanced and luxurious electronic products to discretionary spending such as leisure and travel. Challenges Faced by KSA Personal Finance Market: There exists a moderate threat of new entrants as they have to overcome various challenges like licensing requirements, capital requirements, management requirements, partnership with credit bureaus, etc. Customers have multiple options to pick from with better financing possibilities. There exists some service differentiation among the personal finance companies in KSA and also some lenders have requirements such as salary transfer. However, as borrowers can easily apply for personal finance from multiple FIs, power of borrowers is moderately high. Players in this space have a nation-wide presence, along with competitive pricing and with some service differentiation. Effects of Internet Penetration on Personal Finance Market in KSA: Internet User Penetration has increased significantly from 2016 to 2021 which drives the market to buy online and people prefer online borrowing as a result. With increasing internet user penetration, the market is thriving and growing at a faster pace as people’s preferences to buy online increases and proper marketing can provide the players in the market with an opportunity to grow. The report “KSA Personal Finance Market Outlook to 2026F – Driven by Growing Digitalization and Increased Consumption Needs” by Ken Research provides a comprehensive analysis of the potential of the Personal Finance Industry in KSA. The report also covers the overview and genesis of the industry, market size in terms of outstanding credit and number of loans; market segmentation by purpose of loan, by supplier, by tenure of loan, by booking mode, by geography, by nationality of borrower, by employment of borrower; growth enablers and drivers, challenges and bottlenecks, trends driving digital adoption; regulatory framework; industry analysis, competitive landscape including competition scenario, market shares of major players on the basis of outstanding credit. The report concludes with future market projections of each segmentation and analyst recommendations. Key Segments Covered KSA Personal Finance Market: By Purpose of Loan: Wedding Renovation & Home Improvement Consumer Durables Tourism & Travel Medical Education Debt Consolidation Others By Supplier: Banks Non-Banks (NBFIs & FinTechs) Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg2 By Tenure of Loan: < 1 year 1-2 years 2-3 years 3-4 years 4-5 years By Booking Mode: Online Offline By Geography: Riyadh Jeddah Dammam Others By Nationality of Borrower Saudi Non-Saudi By Employment of Borrower Government Employee Large Corporation Private Sector Employee Medium & Small Corporation Private Sector Employee Self-Employed Others Key Target Audience KSA Finance Industries Government Bodies & Regulating Authorities Finance Industry Finance Companies Time Period Captured in the Report: Historical Period: 2017-2021 Base Year: 2022 Forecast Period: 2022– 2026F Companies Covered: Banks Al Rajhi Bank Saudi National Bank Riyad Bank The Saudi British Bank (SABB) Banque Saudi Fransi Arab National Bank Al Bilad Bank Emirates NBD Alinma Bank Non-Banks Nayifat Finance Company Emkan Finance Company (owned by Al Rajhi Bank) Murabaha Marena Financing Company United Company for Financial Services (Tasheel Finance) Al Yusr Leasing & Financing Al-Amthal Finance Company Tamam Quara Finance Company Tayseer Finance Saudi Finance Company (acquired by Abu Dhabi Islamic Bank) Abdul Latif Jameel United Finance Company Osoul Modern Finance Company Matager Finance Company Key Topics Covered in the Report KSA Personal Finance Market Overview Ecosystem of KSA Personal Finance Market KSA Personal Finance Industry Evolution KSA Personal Finance Market Size, 2017-2021 KSA Personal Finance Market Segmentation, 2021 (By Purpose of Loan, By Supplier, By Booking Mode, By Tenure of Loan, By Geography, By Nationality of Borrower, By Employment of Borrower) Industry Analysis of KSA Personal Finance Services Value Chain of KSA Personal Finance Key Growth Drivers in Personal Finance Market in KSA Trends and Developments in KSA Personal Finance Industry SWOT Analysis of KSA Personal Finance Industry Islamic Financing Issues and Challenges in KSA Personal Finance Industry Government policies affecting the KSA Personal Finance Industry Competition Framework for KSA Personal Finance Market Future Outlook and Projections of the KSA Auto Finance Market, 2021-2026F Market Opportunities and Analyst Recommendations Research Methodology For more insights on the market intelligence, refer to the link below: – KSA Personal Finance Market Outlook to 2026F: Ken Research Related Reports Global Non-Bank Trade Finance Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery Global Online Alternative Finance Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery Global Structured Finance Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery Tags: Islamic Finance in Consumer Finance, Islamic Financing, Islamic Financing in Personal Finance Market, KSA Consume Finance Sector, KSA Consumer Finance Future, KSA Consumer Finance Licensing Requirements, KSA Consumer Finance Market Future Growth, KSA Consumer Finance Players, KSA Finance Market, KSA Personal Finance Industry Challenges, KSA Personal Finance Industry Issues, KSA Personal Finance Market, KSA Personal Finance Market Competitive Landscape, KSA Personal Finance Market Demand, KSA Personal Finance Market Future Outlook, KSA Personal Finance Market Future Trends, KSA Personal Finance Market Growth Strategies, KSA Personal Finance Market Key Competitors, KSA Personal Finance Market Major Players, KSA Personal Finance Market Opportunities, KSA Personal Finance Sector, KSA Personal Finance Value Chain Analysis, KSA Personal Loan Industry, KSA Personal Loan Market, KSA Personal Loan Sector, Monetary Industry, Personal Finance Sector in Saudi Arabia, Personal Monetary Sector, Saudi Arabia Consume Finance Sector, Saudi Arabia Personal Finance Market