← Back to the brief
Original PDF ↗
Saudi Central Bank (SAMA) · Press Release
Saudi Central Bank Permits “Sulfah” and “Wadaie” as New FinTech Startups
البنك المركزي السعودي يصرح لشركتي "سلفة للتمويل" لمزاولة نشاط التمويل من نظير إلى نظير و"ودائع للتقنية المالية" لمزاولة نشاط تجميع الودائع المربوطة لأجل
No action neededAwareness
The Saudi Central Bank (SAMA) permitted "Sulfah for Finance" to engage in peer-to-peer financing activity, and "Wadaie for Financial Technology" to engage in the activity of aggregating fixed-term deposits.
PublishedJune 24, 2024
Effective—
GazetteNot gazetted
Saudi regulatory updates, in one morning brief
Bawadir tracks what Saudi regulators issue and delivers what needs your attention each working morning. Your email is all we ask for.
Free. One click to unsubscribe, any time.