SAMA Licenses Finance Aggregation Service Provider
البنك المركزي السعودي يرخص لشركة لممارسة نشاط الوساطة الرقمية لجهات التمويل
The Saudi Central Bank (SAMA) has licensed Mustaqbal Al-Ibda'a for Digital Brokerage Company to carry out finance aggregation (digital brokerage) activity in the Kingdom, under the licensing rules for activities supporting financing. The service connects customers with financing entities based on their credit obligations and financial solvency, and presents available financing options to them. SAMA stated that this step supports the financing sector, attracts new investors and companies adding value, and advances financial inclusion and fintech leadership in the Kingdom.
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