SAMA Grants License to Mal for Finance Aggregation Service

KSA, 11 November, 2024 : The Saudi Central Bank (SAMA) has granted a license to "Mal for Finance Aggregator Service" to operate as a finance aggregation service provider. With this addition, there are now four licensed companies offering finance aggregation services in Saudi Arabia.

This decision aligns with SAMA’s efforts to enhance the financial sector's efficiency and promote innovative solutions that drive financial inclusion across the Kingdom.

SAMA reminds the public to engage only with authorized financial institutions. A list of licensed providers can be found on SAMA’s official website.

Source : www.sama.gov.sa