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Financing productive assets and small- and medium-sized enterprises (SMEs).
Overview
It was established as a limited liability company in 2012 under the name “Morabaha Marina Installments Company” in Riyadh, with a capital of SAR 15 million. In 2014, it was converted into a closed joint-stock company, and its capital was increased sequentially through capitalizing retained earnings.
The company offers retail, SMEs and productive assets financing services. It provides its financing solutions through various products including Tawarruq, Ijarah and Murabaha.
Basic Information
City: | Riyadh |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2012 |
Commercial Register: | 1010337706 |
Website: | www.mrna.sa |
alharthyh@morabaha.com | |
Phone | +966 800 111 1810 |
Fax | - |
Address | Al-Thumama Road - Al-Rabea District - Riyadh 13315 |
PO Box | 7071 |
Argaam Classification
Industry Peers
Nayifat Finance Co. |
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 62.54 |
Free Float % : | 87.56 |
Weight in Index % : | 0.03 |
3M Average Volume : | 490,996 |
3M Average Transactions : | 696 |
Change(12M) % : | - |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Talal Ibrahim Ali Al-Maiman | 5.55 | 7.77 % |
Abdulrahman Mohammed Abdulrahman Al-Ghumlas | 5.32 | 7.45 % |
Sultan Moazi Fhaid AlOsaimi | 4.74 | 6.64 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
loop | Saudi Arabia | 80.00 % |
Investments
Company | Percentage |
---|---|
SIJIL | 2.33 % |
Milestones
21-06-2023
22-08-2022
The company’s capital was increased to SAR 714.2 million from SAR 500 million.
24-02-2022
The company’s capital was increased to SAR 500 million from SAR 311.3 million through capitalizing retained earnings.
2022
The company acquired an 80% stake in Digital Payments Company for FinTech.
22-04-2021
The company’s capital was increased to SAR 311.3 million from SAR 280.5 million through capitalizing retained earnings.
21-04-2020
The company’s capital was increased to SAR 255 million from SAR 280.5 million through capitalizing retained earnings.
20-08-2019
The company’s capital was increased to SAR 255 million from SAR 228.9 million through capitalizing retained earnings.
19-09-2018
The company’s capital was increased to SAR 228.9 million from SAR 212 million through capitalizing retained earnings.
08-08-2017
The company’s capital was increased to SAR 212 million from SAR 200 million through a bonus share distribution.
2017
The company established a Sukuk issuance program.
31-08-2015
The company’s capital was increased to SAR 200 million from SAR 120 million through a rights issue.
25-06-2014
It was converted into a closed joint-stock company under the name “Morabaha Marina Financing Co. (MMFC)”, with a capital of SAR 120 million.
09-06-2013
The company’s capital was increased to SAR 33 million from SAR 15 million.
28-04-2012
It was established as a limited liability company under the name “Morabaha Marina Installments Company”, with a capital of SAR 15 million.
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