SAMA Licenses Tal Finance for Debt-Based Crowdfunding Solutions

KSA, 2 January, 2025 :  The Saudi Central Bank (SAMA) has licensed Tal Finance to offer debt-based crowdfunding solutions, raising the number of authorized companies in this sector to 12. This brings the total number of finance companies licensed by SAMA to 62.

This move underscores SAMA's commitment to strengthening the financial sector, enhancing transaction efficiency, and fostering innovative financial solutions for greater financial inclusion.

SAMA advises the public to deal only with authorized financial institutions. The full list of licensed entities is available on SAMA's official website.

Source : www.sama.gov.sa