With a capital of 250 million riyals

Company announced the Arab Experts Global based in Bahrain, has signed a memorandum of understanding with Al Manar Financing & Leasing is a Kuwaiti shareholding company, to establish a company specialized in the work of installments according to the rules and provisions of Islamic law with a capital of 250 million riyals will be taken from the eastern region headquarters. The agreement was signed by Abdullah Al-Bader, chief executive of Al Manar Financing & Leasing, Mohammed Al Awadi, Vice Chairman of the firm of Arab world. According to the Convention, the Al Manar Financing & Leasing will serve as technical partner for the project because of their long experience in the field of financing and leasing all of the Kuwaiti market and the Gulf states, as will the firm of the role of the Arab world by the developer of the enterprise, and assistance in developing business strategies and to invite the shareholders to participate Gulf in the establishment of such kind of companies in the Eastern Province. It is expected that the company will start its operations in the Saudi market within the next few months. And on the work of the company, "said Mohamed Al-Awadi: The purposes of the company focused primarily on the leasing of machinery and equipment and vehicles, cash and installment or rent and wholesale and retail trade in computers, cars and equipment, vehicles and heavy trucks and tankers, and home and office furniture and building materials to expand the company's services in the future to include other means of financing other than assets such as finance consumption. Awadi believes that this project is part of upgrading and installment finance services in the Saudi market, the development of a new pattern is characterized by the integration of services and financial products compliant with Islamic law to meet the needs of clients from individuals and companies through innovative financing instruments. It is expected to become a Loan to be incorporated a major player in raising the level of financing and installment in the Saudi market from the eastern region through the development of innovative financing tools and integration of services and products. And cross-Awadi expressed his pleasure for the confidence granted for «Experts Arab World» to participate in one of the most important strategic projects in Saudi Arabia