CI Capital’s consumer finance arm Souhoola has signed contracts with six brick and mortar and online retailers to allow customers to pay for their purchases in installments, Souhoola CEO Hazem Madani said, according to Al Mal. The retailers include Jumia, Apple reseller Tradeline, and Saudi appliance store Raneen. Souhoola is also in talks with six unnamed universities and “advanced negotiations” with 15 health centers to offer installment plans for tuition fees and healthcare services, Madani added.

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