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AJIL & JPS Sign Strategic Business Alliance

AJIL Financial Services Company (AJIL), the Kingdom’s leading leasing solution provider and Juffali Printing Systems Limited (JPS) have entered into a syndicate agreement to provide capital asset lease finance for JPS customers. Addressing the signing ceremony here in Jeddah, Mr. Usman Mahmood, CEO of AJIL highlighted the role of the Small & Medium Enterprise (SME) sector in developing and growing national economies.


“Our vision is to maintain steady growth as we diversify our products portfolio, strengthen our strategic position, improve our rating and consolidate our base as the leading financial services provider in the Kingdom of Saudi Arabia,” declared Mr. Mahmood. He added: “utilizing the best professional practices and operational excellence, we strive to provide innovative financial solutions conforming to the needs of small and medium scale enterprises, while exercising appropriate commercial prudence to facilitate their growth across the Kingdom.”


He said that the Kingdom’s economy is, without a doubt, the strongest in the region and he added that the government’s emphasis on the diversification of economy and enhanced reliance on industrialization have strengthened the private sector and foreign investors’ confidence alike.


Mr. Amin Al Afifi, CEO Juffali Group, commented: “We are confident that JPS alliance with AJIL will lead to a solution based financial approach for the graphic arts industry, combining the financial expertise of AJIL, with the technical knowledge and experience possessed by JPS. The customers will benefit from this alliance, providing them the flexibility and opportunity to grow their business with the market leaders in the graphic arts industry.”


In his address to the audience, Mr. Azaz Ahmed, the General Manager of AJIL, added, “we are focused on innovation, creativity and advancement. AJIL will continue to play a crucial part in providing unique and diversified leasing solutions that conform to our customers’ needs.”


He marked the event as a landmark for SME financing solutions, which signifies the resilient performance of AJIL in the KSA’s leasing market and reiterated that the sector has a massive market potential nationally and regionally.


Mr. Azaz declared that AJIL would continue to pursue building strategic partnerships and business synergies with its valued partners and vendors across the Kingdom anticipating and meeting the growing needs of capital asset financing for SME sector.


He extended his appreciations to JPS management and their enthusiastic team who really turned this strategic business alliance into reality and hopes this consortium will facilitate the SME Sector with easy and swift access to credit.