“Currently, more than 35 Non-Bank Financial Institutions (NBFIs) are operating in Saudi Arabia. As at the end of FY 2020, the total paid up capital of these entities was $3.8 billion where real estate companies stand at $1 billion, non-real estate companies $2.3 billion and Saudi Real Estate Refinance Company, as the refinancing entity of the industry, $403 million.” KPMG’s Future of NBFI Financing, looks into the performance of Non-Bank Financial Institutions in the Kingdom. [Zawya]