FAS Labs and valU partner to offer digital consumer finance solutions to customers in Saudi Arabia

FAS Labs and valU partner to offer digital consumer finance solutions to customers in Saudi Arabia

valU’s existing platform, technological capabilities, and proven track record will expedite FAS Finance’s ability to develop and scale a fully integrated shopping platform leveraging accessible digital financing solutions. In Saudi Arabia, the solutions will be available across Alhokair’s expansive retail network of more than 1,000 stores, as well as online on Vogacloset and the monobrand websites, including 14 in Saudi Arabia. It will also extend to other vendors, retail networks, and merchants to include and cover the entire Saudi market.

Commenting on the partnership, Mohamad Mourad, Managing Director of ACC and interim Chief Executive Officer of Alhokair, said: “Arabian Centres and Alhokair share a pioneering history and a strong team with longstanding partnerships contributing to a robust retail footprint in Saudi Arabia.

The launch of FAS Finance and the strategic partnership with valU are perfectly aligned with our commitment to drive a robust omnichannel experience. Through the integration of innovative payment solutions, we offer greater affordability and value for our customers, all available through one digital platform. In addition, our tenants have access to added value and benefits through this cohesive purchase platform.

This significant milestone is indicative of ACC and Alhokair’s commitment to provide Saudi consumers with an integrated, forward-thinking lifestyle experience