Emkan named fastest-growing digital microfinance firm in Saudi Arabia

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  • Emkan CEO terms award recognition of the company’s strong operations during Covid-19 pandemic

  • The company will add Instalment Finance, Auto Finance, SMEs Finance, credit card issuance to its offerings

Riyadh-based Emkan Finance Company has been named as the kingdom’s fastest-growing digital microfinance company at the Global Business Outlook (GBO) Awards 2021.

The GBO Awards extend to the private and public sector, which seeks to recognize and reward excellence in businesses around the world. It is designed to facilitate the outstanding work of businesses and business leaders across industries including banking, finance, real estate, telecom and aviation among other sectors.

Saud Bin Ghonem, CEO and Board member at the Emkan, said the company felt honored that its operations, which remained strong throughout the pandemic, were recognized. He said the company has also strengthened its processes by building trust and long-term relationships with customers.

“Our transparency and security in every step of the customers’ journey and connecting with trustworthy institutions has also been a vital part of our growth and development as a company,” he said.

Saud Bin Ghonem said the company would continue to share innovative ideas and practices at a time when critical themes such as personal instant finance services and end-to-end digital experience are driving the financial industry forward in the upcoming period.

“We plan to expand and enhance our service portfolio in the coming period,” he added.

Some of the offerings that will be added by the company are Instalment Finance, Auto Finance, SMEs Finance and credit card issuance, Bin Ghonem said.

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