Saudi Finance Company and AdalFi Sign MOU to Explore Cash-Flow Credit Scoring for Consumer Finance in Saudi Arabia

RIYADH, Saudi Arabia and SINGAPORE, 21 September 2026 — Saudi Finance Company (SFC), a Saudi finance company licensed and supervised by the Saudi Central Bank (SAMA), and AdalFi, a digital lending infrastructure company providing cash-flow credit scoring solutions for consumer and SME lending, have signed a Memorandum of Understanding (MOU) to conduct a Proof of Concept (PoC) exploring the use of cash-flow credit scoring in consumer finance in the Kingdom of Saudi Arabia.

Under the proposed PoC, bank transaction data for participating applicants would be accessed through a SAMA-licensed open banking provider, subject to applicable regulatory requirements and customer consent. AdalFi's technology is designed to analyse transactional cash-flow patterns and generate credit-risk insights in real time, providing an additional data-driven input to support Saudi Finance Company's credit assessment process.

The initiative is intended to evaluate whether cash-flow insights can help SFC assess eligible applicants more efficiently, including customers with limited traditional credit history, while maintaining SFC's credit policies, risk controls and responsible-finance standards. Any financing decision will remain subject to Saudi Finance Company's applicable eligibility criteria, credit policies and regulatory requirements.

As part of the PoC, AdalFi's models are expected to be calibrated to the characteristics of SFC's applicant base and evaluated against agreed performance and risk parameters. The parties will also implement the PoC in accordance with applicable Saudi data-protection, cybersecurity and open banking requirements.

The collaboration aligns with the Kingdom's broader Financial Sector Development Program and fintech ambitions under Saudi Vision 2030, including the development of digital financial services, innovation and broader access to financial services.

Salman Akhtar, Chief Executive Officer and Co-Founder of AdalFi, said:

"Saudi Arabia has created a strong foundation for open banking and digital financial innovation. Through this Proof of Concept with Saudi Finance Company, we look forward to demonstrating how transaction-based cash-flow insights can complement existing underwriting processes and help lenders assess customers more efficiently and responsibly."

Bander Al-Samman, Chief Executive Officer of Saudi Finance Company, said:

"At Saudi Finance Company, we continue to explore technologies that can enhance the financing experience while supporting sound and responsible credit decisions. This Proof of Concept with AdalFi will allow us to assess the potential of cash-flow credit scoring as an additional source of insight within our consumer finance process, in line with our commitment to innovation, customer experience and prudent risk management."

About AdalFi

AdalFi is a digital lending infrastructure company that provides AI-driven cash-flow credit scoring and digital lending technology for consumer and SME finance. Its solutions use bank transaction data to support real-time credit assessment and can integrate with lenders' core banking, loan management and digital channels. For more information, visit www.adalfi.com.

About Saudi Finance Company

Established in 1990, Saudi Finance Company is one of the Kingdom's established providers of Sharia-compliant financing solutions for individuals and small and medium-sized enterprises. SFC offers financing solutions including Tawarruq and Murabaha finance, auto leasing and SME finance. The company is licensed and supervised by the Saudi Central Bank (SAMA) under License No. (26/⁧أ ش/201411⁩).

SFC's mission is to strengthen its position as a leading innovative financing solutions provider for consumer and SME finance.