Saudi Finance Company was one of the first companies to have recognized the need for Islamic consumer finance in the Kingdom. Equipped with this knowledge and insight, Saudi Finance Company established itself in 1990, as one of the leading pioneers in consumer finance, with a capital of SR 10 million under the full ownership of Abdullah Ibrahim Alkhorayef and sons.

The sole purpose behind creating the company was to supply the market place with Islamic financial solutions and structures that would satisfy the increasing demand and cater to the evolving consumer needs.