Syarah and Amwal Enhance Flexibility in Car Purchasing Across Saudi Arabia
Syarah partners with Amwal to enable credit card installment purchases for new and used cars in Saudi Arabia.
In a move to expand flexibility in car ownership, Syarah has partnered with Amwal to let eligible customers purchase new and used vehicles with credit card installments. The service broadens payment choice and removes many of the delays and administrative steps associated with traditional financing, offering an immediate, transparent checkout experience.
At the time of publication, the service is available to eligible Al Rajhi Bank and Saudi National Bank credit cardholders, with additional banks planned. Customers can choose eligible plans of up to 12 or 24 months. Promotional 0% and low-fee offers vary by bank, merchant, and vehicle, with applicable terms shown before confirmation. Card rewards of up to SAR 2,000 may also apply depending on the transaction and rewards program.
A More Flexible Route to Car Ownership
Immediate Decision
Eligible customers can select their car and receive an installment decision without a separate traditional-financing journey.
Up to 24 Months
Available plans can extend to 12 or 24 months, subject to card, bank, vehicle, and offer terms.
Keep Card Rewards
Customers may earn up to SAR 2,000 in credit card rewards, depending on the purchase and their bank’s rewards program.
About Syarah
Syarah is a Saudi digital platform for buying and selling new and used cars through an integrated journey—from browsing and vehicle selection to payment, financing, and home delivery. Its used-car offering includes an inspection covering more than 200 checkpoints, a condition report, warranties of up to three years, and a 10-day return option, subject to Syarah’s terms.
About Amwal
Amwal is a Saudi payment-infrastructure company that enables customers to use existing credit cards and convert eligible purchases into flexible installment plans inside the buying journey. Its infrastructure serves high-value sectors including automotive, retail, travel, electronics, furniture, healthcare, and education.
A Market Ready for Flexible Payments
The partnership arrives as Saudi Arabia’s automotive and credit card markets continue to grow, creating a larger opportunity to connect existing card purchasing power with high-value digital commerce.
~2,000
cars sold monthly through Syarah’s platform
$25.8B → $40.6B
reported new-car market value from 2024 to the 2030 projection
$10.2B → $17.4B
reported used-car market value from 2025 to the 2034 projection
~3M
credit card users in Saudi Arabia, with reported annual growth of about 8%
Market estimates are reproduced from research figures cited in the original Syarah partnership announcement.
“At Syarah, we are committed to enhancing the car-buying experience in Saudi Arabia by offering faster, more flexible solutions that meet customer needs. Our agreement with Amwal marks an important step in providing a new option for customers to purchase new and used vehicles using their credit cards, with instant approval, a seamless digital process, and added benefits that increase the overall value of the purchase.”
“Our main goal at Amwal is to provide flexible and simple financial services that serve customers and enhance the quality of financial services in the region. We are pleased to partner with Syarah, one of the leading digital automotive platforms, to launch a pioneering service that enables customers to purchase cars using their credit cards through a seamless digital experience, instant approval, and flexible installment plans.”