SAMA Licenses New Debt-Based Crowdfunding Company

البنك المركزي السعودي يرخص لشركة جديدة لمزاولة نشاط التمويل الجماعي بالدين

The Saudi Central Bank (SAMA) has licensed Thimar Al-Amal for Debt-Based Crowdfunding Company to operate debt-based crowdfunding activities, bringing the total number of licensed debt-based crowdfunding companies in Saudi Arabia to seven. SAMA stated that this decision supports the financing sector and aims to enhance the effectiveness and flexibility of financial transactions, enable innovation in financial services, and promote financial inclusion across all segments of society. SAMA also emphasized the importance of dealing only with financial institutions licensed or authorized by it, which can be verified through its website.

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