Skip to main content

Blog entry by FintEdu Admin

SAMA Grants License to 'Funding Souq' for Debt-Based Crowdfunding Solutions, Bolstering Financial Inclusion Efforts

KSA, 04 April, 2024 : The Saudi Central Bank (SAMA) has licensed "Funding Souq" to offer debt-based crowdfunding solutions, adding to the 10 authorized companies in Saudi Arabia providing such services. This approval brings the total number of finance companies licensed by SAMA to 61.

This move underscores SAMA's commitment to supporting the financial sector, enhancing transaction efficiency, and fostering innovative financial solutions for greater financial inclusion in Saudi Arabia. SAMA stresses the importance of exclusively dealing with authorized financial institutions. For a list of licensed and permitted financial institutions, visit SAMA's official website.

Source : www.sama.gov.sa

Total Views : 610 | Share on

Related Posts

KSA, 3 June, 2025 : The Zakat, Tax and Customs Authority (ZATCA) is urging all taxpayers to tak...

Read More

KSA, 15 May, 2025 : On Wednesday, May 14, 2025, a delegation from Oman’s Ministry of Finance ...

Read More

KSA, 13 May, 2025 : Saudi Arabia and the United States are strengthening their nearly century-o...

Read More