KSA, 28 April, 2025 : The Saudi Central Bank (SAMA) has launched a public consultation on the draft "Update to the Implementing Regulations of the Finance Companies Control Law" via the National Competitiveness Center’s “Istitlaa” platform.
The proposed update aims to strengthen the finance sector’s stability and growth by increasing the overall financing capacity of companies. It also seeks to ease licensing requirements by reducing the bank guarantees needed for license applications and revising provisions related to parties involved and license expiration.
Public feedback will be accepted for 30 days, after which the final version will be approved. The draft is available for review on the "Istitlaa" platform.
Source : www.sama.gov.sa
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