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Element List	Explanation
Introduction	Further to the announcement of Jarir Marketing Company ('the Company') published on December 31, 2024, regarding the signing of a non-binding Memorandum of Understanding with Aman Misr Company and Hamad Bin Abdullah bin Sulaiman Al Manea & Partners Co. (a Saudi closed joint-stock company) to establish a consumer finance company. The Company announces that it has obtained the preliminary approval from the Saudi Central Bank (SAMA) for the establishment of Rifd Integrated Company to conduct micro-consumer finance activity. Rifd Integrated Company is the company referred to in the announcement published by the Company on 31 December 2024.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2024-12-31 Corresponding to 1446-06-30
Hyperlink to the Previous Announcement	Click Here
Change on the Development	The Saudi Central Bank (SAMA) has issued its preliminary approval for the establishment of Rifd Integrated Company to conduct micro-consumer finance activity. Work is currently underway to finalize the regulatory procedures for the establishment of Rifd Integrated Company. NOTING that the capital of Rafd Integrated Company amounts to Saudi Riyals 50 million.
Financial Impact on the change	None
Additional Information	The preliminary approval issued by SAMA does not constitute a granting of license or permission to conduct financing activity.

Jarir Marketing Co. announces on Obtaining Preliminary Approval from SAMA for a Consumer Finance Activity