Foundation and Establishment
About us
Settlement House for Debt Collection and Financing Entities was founded by Attorney Adnan Al-Omari in the year 1422 AH. It is considered one of the leading companies in the field of debt collection in the Kingdom of Saudi Arabia. The company was born out of the market's need for a national entity that combines expertise in debt collection with legal knowledge of the regulations and laws in the Kingdom of Saudi Arabia, leading to the establishment of Settlement House for Debt Collection and Financing Entities.
24/7 full
online support
24 years of
experience
Creative
finance idea
Debt Collection and Financing Entities
0%
Our dedicated services
What We Do
Settlment house Company provides debt collection services for financing entities for both banks and financing companies according to the highest standards of quality in performance, supported by its long experience in this field, which exceeds twenty-four years, and the use of modern technology in all stages of the collection process, in accordance with the controls of collection procedures approved by the Central Bank.
Human Resources
Strategy
Settlement House’s human resources strategy focuses on understanding the company’s internal environment, mission, objectives, and management practices. This ensures effective workforce development to meet strategic goals and provide high-quality services to clients.
Planning
and Goals
The company defines plans, policies, and goals with specific timelines. It sets rules for implementation, monitors employee performance, and evaluates results to ensure alignment with targets, taking corrective measures for deviations.
Ambition and
Innovation
Dar Al-Mukhalasat thrives on ambition and teamwork, facing challenges with creativity and learning from experience. Employees work in solidarity to achieve goals, ensuring quality service and client satisfaction.
Our Organization
Organizational Structure
The organizational structure of Settlement House consists of the main headquarters in Riyadh, which includes:
Our Clients
Since its establishment, Settlement House has worked with many entities, including, for example, the Saudi First Bank and Riyad Bank, among others. Our relationships with these entities have been distinguished by the quality of service we consistently provide, thanks to God.
What is the importance of debt recovery for finance companies?
To avoid bad debts, it’s crucial to follow up on late receivables promptly, as delays reduce the likelihood of recovery. Effective debt management involves analyzing the financing process, budgeting wisely, reducing current debts, and improving credit management. Regularly updating strategies and identifying the causes of bad debts is key. Banks and financing companies should partner with debt collection experts to develop and implement policies that reduce bad debts effectively.
Effective Debt Recovery Strategies for Financial Institutions
To maintain stability, finance companies must adopt efficient debt recovery strategies. This includes prioritizing debts based on risk, using both internal and external collection methods, and leveraging technology to streamline the process. Outsourcing to expert agencies or hiring specialized teams can improve recovery rates. Additionally, proactive steps like financial health checks, risk assessments, and customer education can help reduce bad debts and ensure better cash flow.
What is the importance of debt recovery for finance companies?
As it enables companies to recover their money invested in commercial activity, which ensures the continuity of commercial activity and provides the necessary cash flows for that. Therefore, financing agencies need a collection company that saves them time and effort and provides them with innovative and effective solutions to speed up the process of recovering money owed to others.
