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Al-Saif Stores for Development and Investment Company announces the approval of the Board of Directors to start applying for a micro-consumer financing license
| Element List | Explanation |
|---|---|
| Announcement Detail | Al-Saif Stores for Development and Investment Company announces the approval of the Board of Directors to start applying for a micro-consumer financing license and work to establish a financing company after obtaining the necessary approvals and licenses from the responsible authorities. This comes as the company's start to enter the large home appliances sector, which consumer financing will be a tributary reason for increasing the company's sales (large home appliances and other products) in addition to the expected profit from financing operations. Further details and developments in this regard will be announced later |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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