43. Contact Financial Holding
Sector: Financial services
Managing Director and Group CEO: Said Zater
Market value: $225 million
Contact is a non-banking financial services provider offering consumer and corporate financing and insurance services. Its financing division grew by 33% in 2021, with a total portfolio worth $561.7 million. Its insurance division had gross written premiums worth $28.2 million, up 82% from 2020. In July 2021, it closed its second Sukuk issuance of $136.3 million by the Sarwa Sukuk Company. It also relaunched contactcars.com, which includes an AI-based pricing tool that averages 40,000 car valuations per month.