The Saudi Central Bank is licensed for the company ‘Approval of Finance’ to practice the mini – financing activity

News Anti-Bribery & Corruption General Updates

Date: 17th Feb, 2025 Source: Saudi Central Bank Country: Saudi Arabia Original Source

Brief

On 17/02/2025, the Saudi Central Bank issued an update regarding The Saudi Central Bank is licensed for the company 'Approval of Finance' to practice the mini-financing activity. This decision comes as part of the bank's efforts to support and develop the financial sector, encourage innovation in financial services, and enhance financial inclusion in the country. The update also mentions that a total of 8 companies are now licensed for mini-financing activities, with 65 licensed finance companies in the Kingdom.

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Saudi Central Bank

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The Saudi Central Bank is licensed for the company ‘Approval of Finance’ to practice the mini – financing activity

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The Saudi Central Bank is licensed for the company ‘Approval of Finance’ to practice the mini – financing activity

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Saudi Central Bank

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