KSA, 11 October, 2024 : The Saudi Central Bank (SAMA) has granted a license to "BOUABA TSHIL" to provide consumer microfinance solutions using financial technology. This brings the total number of licensed consumer microfinance companies in Saudi Arabia to six, with 61 licensed financing companies overall.
SAMA's decision aligns with its goal to enhance the financial sector, promote financial inclusion, and encourage innovative financial solutions. The central bank urged the public to only engage with authorized financial institutions, with a full list available on SAMA's official website.
Source : www.sama.gov.sa
Related Posts
KSA, 29 September, 2025: The Zakat, Tax and Customs Authority (ZATCA) has urged establishments...
Read More
UAE, 19 September, 2025: The rollout of Corporate Tax (CT) in the UAE has introduced fresh compli...
Read More
UAE, 19 September, 2025: With the September 30 deadline for filing corporate tax returns ...
Read More