The Saudi Central Bank is licensed for ‘Tamara Finance’ to carry out the two consumer financing and pro -payment activities

On 03/03/2025, the Saudi Central Bank issued an update regarding The Saudi Central Bank is licensed for 'Tamara Finance' to carry out the two consumer financing and pro-payment activities. This decision falls within the bank's efforts to support the finance sector and enable it to raise the level of financial transactions effectiveness and sophistication, as well as encourage innovation in the financial services provided. A total of 65 companies are now licensed for financial activities in the kingdom, with this license aimed at promoting financial inclusion and reaching all segments of society.