Shuaa launches Shariah-compliant lease financing business in Kingdom

Shuaa Capital announced the establishment of Saudi-based Gulf Installments Company, which focuses on providing installment and lease financing to businesses across a variety of sectors and assets. Lease periods are available from 1 to 4 years and can be tailored to suit the needs of each individual client based on the term, down payment and rental plan. David Hunt was appointed CEO of Gulf Installments Company which will be operated by Gulf Finance under a management contract with Shuaa.