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SIJIL Inauguration Ceremony

AJIL Financial Services Company participated in the Inauguration Ceremony of the Saudi Financial Lease Registration Company (SIJIL) held on the 22nd of January 2020. The primary objective of SIJIL with the support of SAMA and other stakeholders is to address most of the challenges in the financial leasing market by enhancing the enforceability of financial lease contracts and ensuring transparency.

SIJIL serves as a central register of financial lease contracts and assets underwritten in Saudi Arabia in order to ensure contract enforceability and improve the ecosystem of financial lease and contract registration.

SIJIL provides various services covering the full lifecycle of the financial lease contract from digitizing the contract registration to contract closure or enforcement in the event of default.