KSA Debt Collection Market Outlook to FY2026

Characterized by fierce competition and high growth prospects

Region:Middle East

Author(s):Anurag Saha

Product Code:KR1217

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Published on

November 2022

Total pages


Table of Content

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About the Report

About the Report

The report titled “KSA Debt Collection Market Outlook to FY'2026 – characterized by fierce competition and high growth prospects” provides a comprehensive analysis of the potential of the Debt Collection industry in Saudi Arabia. The report covers various aspects including the current debt collection scenario and status in KSA, market size on the basis of debt collected, number of cases settled and revenue, market share of debt collection companies, Market segmentation by the segments, by type and age of firm, by sub-segmentation of insurance, finance and non-finance segment. Major trends and developments, issues and challenges, government regulations, competition landscape and cross comparison. The report concludes with case studies, analyst recommendations and key market opportunities.

KSA Debt Collection Market Overview

The debt collection market in KSA is expected to grow at a double digit CAGR between FY ’21 and FY ’26 with new entrants facing fierce competition from the existing major players in the market.

Motor Insurance claims has the highest percentage share among net claims incurred by insurance companies in KSA. The major source of revenue for debt collection companies is the commission charged on recovered amount. 

KSA Debt Collection Market Segmentation

By Segments (Insurance, Financing and Non-Finance): Financing segment accounted for majority of debt collected, however, the non-finance segment has major share in total number of cases settled. With a low-ticket size of SAR 4,000, Non-finance segment have major share in total number of cases settled. With high ticket size of SAR 18,000, financing segment has low share in total cases settled.

By Type of Firm (Debt Collection Companies and Law firm cum Debt Collection Companies): Debt Collection Firms have majority share in terms of amount of debt collected as well as number of cases settled as compared to Law firm cum Debt Collection Companies.

By Age of Firm (2-7 years, 7-14 years and 12-17 years): Relatively mature companies with the age between 12-17 years have highest share in debt collection as well as cases settled; likely due to recurring contracts from existing clientele.

By Geography: Three provinces viz., Riyadh, Eastern Province and Makkah account for the majority of debt collection in KSA.

By Sub-Segmentations of Insurance, Finance and Non-Finance: Motor insurance within insurance segment and real estate within financing segment have majority share in terms of total debt collection & number of cases settled. Telecommunication services and Utilities are the major sub-segments for debt collection within the non-finance segment.

KSA Debt Collection Market Competition:

The market is fragmented with presence of a large number of debt collection companies and law firms. The existing players in the market are majorly headquartered in the cities of Riyadh, Jeddah and Dammam. These companies vary largely on the basis of collection agents, Lawyers, number of employees. Apart from debt collection services, companies are also providing credit reporting/business advisory as value-added services to meet client requirements.

There exists a moderate threat of new entrants as they have to overcome various challenges like licensing requirements, capital requirements, access to a network of collection agents and lawyers, etc. However, as offerings of existing players are not much differentiated, new players can enter the market with competitive pricing and spending on marketing campaign.

KSA Debt Collection Market Future Outlook and Projections

The Debt Collection Market in Saudi Arabia is anticipated to grow at a positive double digit CAGR for the period FY’21-FY’26F.

Future Trend: Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years. 



Key Segments Covered in KSA Debt Financing Market:

By Segments

  • Insurance
  • Financing
  • Non-Finance

By Type of Firm

  • Debt Collection Companies
  • Law Firm cum Debt Collection Companies

By Age of Firm

  • 2-7 years
  • 7-14 years
  • 12-17 years

By Geography

  • Riyadh Province
  • Maddah Province
  • Eastern Province
  • Al Baha Province
  • Al Jawf Province
  • Northern Borders Province
  • Qassim Province
  • Ha’il Province
  • Tabuk Province
  • Aseer Province
  • Jizan Province
  • Najran Province

Sub-Segmentation of Insurance Segment

By Sub-Segment of Insurance Segment

  • Motor
  • Property/Fire
  • Accident & Liability

By Sub-Segment of Non-Finance Segment

  • Commercial and Professional Services
  • Consumer Services
  • Energy
  • Food & Beverages
  • Real Estate Management and Development
  • Telecommunication Services
  • Transportation
  • Utilities

By Sub-Segment of Finance Segment

  • Real Estate Financing
  • Retail Real Estate Financing
  • Corporate Real Estate Financing

Key Target Audience

  • Existing Debt Collection Companies
  • Law Firms
  • Financing Companies
  • Non-Financing Companies
  • Insurance Companies
  • Debt Collection & Management software providers
  • Government Agencies
  • Finance Consultants
  • Others

Time Period Captured in the Report: -

  • Base Year: 2021
  • Forecast Period: 2022-2026F

Key Topics Covered in the Report

  • How is the Debt Financing Market positioned in KSA?
  • Overview of Insurance, financing and non-finance sector in KSA
  • KSA Debt Collection Market Ecosystem
  • Growth Drivers, Trends and Developments in the market
  • Government Regulations
  • Porter’s Five Forces Analysis for KSA Debt Collection Market
  • Market Size and Segmentation, 2021-2026F
  • Competitive Landscape of KSA Debt Collection Industry
  • Cross Comparison of Major Players using fundamental, operating model, clientele, geography and service offering parameters
  • Case study & Analyst Recommendations
  • Research Methodology


Companies Covered

  • Alwasl National Debt Collection Co.
  • Alkhorayef Collection
  • Future Solutions
  • Taswia
  • Fuel Collection
  • Estrdad Alassol Co. Ltd.
  • Marsoom (Sadad)
  • Ejada
  • Maharah Debt Collection
  • Excellent Solutions Co.
  • Hololona Company Ltd.
  • Qemma
  • Hazim Al Madani Law Firm
  • Abdullah A. Al Fallaj Law Firm
  • Eyad Reda
  • Alaskari Law Firm

Table of Contents

Table of Contents

1. Executive Summary

1.1 Executive Summary – KSA Debt Collection Market

2. KSA Debt Collection Market Overview

2.1 Overview of Insurance Sector

2.2 Overview of Finance Sector

2.3 Overview of Non-Finance Sector

3. Ecosystem Analysis – KSA Debt Collection Market

3.1 KSA Debt Collection Market Ecosystem

3.2 Value Chain Analysis by Segments (insurance, non-insurance, non-finance)

4. Industry Analysis - KSA Debt Collection Market

4.1 Trends in KSA Debt Collection Market

4.2 Challenges for New Entrants

4.3 Regulatory Landscape of KSA Debt Collection Market

4.4 Porter’s Five Forces Analysis

4.5 Certifications obtained in the KSA Debt Collection Industry

4.6 Digital trends shaping the Debt Collection Industry

4.7 Organization Chart of a typical debt collection company

5. KSA Debt Collection Market Size

5.1 Market Size basis debt collected, no. of cases settled and revenue

5.2 Market Share of major debt collection companies

6. KSA Debt Collection Market Segmentation

6.1 Market Segmentation by the Segments

6.2 Market Segmentation by Type and Age of Firm

6.3 Market Segmentation by Geography

6.4 Sub-segmentation of Insurance, Financing & Non-Finance segment

7. Competitive Landscape of Debt Collection Market in KSA

7.1 Competitive Analysis basis Fundamental Parameters

7.2 Competitive Analysis basis Geography and Service Offerings

7.3 Competitive Analysis basis Clientele

7.4 Competitive Analysis basis Operating Model

7.5 Competitive Analysis basis Market Share

8. Case Study

8.1 Case Study of Atradius Collections

9. Analyst Recommendations

9.1 Segment-wise opportunity in the debt collection space

9.2 Success factors & growth opportunities for Al-Tasweyah

10. Research Methodology

10.1 Market Definitions

10.2 Acronyms

10.3 Market Sizing Approach

10.4 Consolidated Research Approach & Limitations

10.5 Questionnaire


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