KSA, 16 May, 2024 : The Saudi Central Bank (SAMA) has authorized "Hala Financing" to offer debt-based crowdfunding solutions, marking the 11th company licensed to provide such services in Saudi Arabia. This addition brings the total number of finance companies licensed by SAMA to 62. The decision underscores SAMA's commitment to bolstering the financial sector, enhancing transaction efficiency, and fostering innovative solutions for financial inclusion in the Kingdom.
SAMA emphasizes the importance of engaging solely with authorized financial institutions and encourages individuals to consult its official website for a list of licensed entities.
Source : www.sama.gov.sa
Related Posts
IntroductionUnderstanding the Date of Supply, Place of Supply, and Transitional Rules is fundamental...
Read More
Bahrain, 16 September, 2026: Bahrain hosted the 17th meeting of the Committee of Heads and Dire...
Read More
UAE, 16 September, 2026: Abu Dhabi Customs has issued 10 new Customs Decisions covering key cus...
Read More