KSA Personal Finance Market to grow exponentially with size of outstanding credit expected to contribute more than SAR 800 Bn by 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 The KSA Personal Finance Market is in growing stage, being driven by technological advancements and digitalization in personal financing. Banks dominate the supply side of the KSA personal finance ecosystem, however the emerging non-banking finance companies and FinTech companies are expected to create tough competition in the market. Due to shift of focus towards ownership of homes in Saudi Arabia Vision 2030 project, the renovation and home improvement segment is expected to grow and that might aid the personal finance market in the country. The major players in the personal finance market include Al Rajhi and SNB followed by Emirates NBD, Banque Saudi Fransi. Non-banks are in the market include Nayifat Finance Company and Emkan Finance Company. Working women population in KSA has been on an increasing trend and is expected to lead to an increase in the market, thereby positively affecting the KSA Personal Finance Market. Future of KSA Personal Finance Market: The KSA Personal Finance Industry is expected to grow at a robust CAGR. Outstanding personal loans are expected to grow with in the next four years. Wedding loans are expected to account for the majority share by renovation and home improvement loans, which is mainly driven by Saudi Arabia Vision 2030. Due to increasing privatization and the goal of privatization being included in Vision 2030, the number of employed workforces is expected to increase and the workforce is also expected to decline for public sectors. Entrance of New Players in the market: New players entering the KSA Personal Finance Market are FinTech companies. The country currently has 82 FinTech companies and the number in these companies is expected to grow rapidly over the next few years. The market has witnessed partnership between FinTech companies and decision analytics companies to make their digital lending process more robust. With new entrants, strict changes in policies can be seen related to insolvency and other parameters. Government policies: Vision 2030 by the KSA government has massive plans for the economy targeting to improve employment figures that might be fruitful for the personal finance market as well. The loans borrowed by Large Corporation and Private Sector is expected to grow mainly due to increasing privatization as one of the goals in Vision 2030. KSA’s Vision 2030 includes Financial Sector Development Program which envisions better access to financial products and aims to increase the share of cashless transactions by developing the digital infrastructure. The Program also focuses on enabling FinTechs to drive innovation and competition. FinTech companies are expected to contribute immensely towards the growth of the market. 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) By Tenure of Loan < 1 year 1-2 years 2-3 years 3-4 years 4-5 years By Booking Mode Online Offline To learn more about this report Download a Free Sample Report 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 Visit this Link :- Request for custom report 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 below link:- KSA Personal Finance Market Related Reports by Ken Research:- Germany Remittance Market Outlook to 2027F Malaysia Buy Now Pay Later Market Outlook to 2027F Australia Remittance Market Outlook to 2027F Belgium Remittance Market Outlook 2027F Post Views: 8 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