Morabaha Marina Financing Company SCJSC. Stock Analysis 4082.SR

Morabaha Marina Financing Co. is an independent non-bank SME and consumer financing company. The company is headquartered in Riyadh, Riyadh. The company went IPO on 2023-06-21. The firm is engaged in leasing and providing financing facilities to medium and small enterprises and consumers in addition to financing production assets and offering consumer finance. The Company’s segments include Retail, which represents financing products granted to individuals’ customers; Small and medium-sized enterprises (SMEs) segment that represents finance products granted to small and medium sized businesses (SMEs); Digital payments segment that represents electronic commerce payments (Bayan) and providing electronic wallet services; and Head office is responsible for managing the surplus liquidity of the Group through short term market placements. The company also provides support services to the business functions. The firm operates approximately 18 branches.