← Back to the brief
Saudi Central Bank (SAMA) · Entity licensing

SAMA Licenses “Thara” to Provide Debt-Based Crowdfunding Solutions

البنك المركزي السعودي يرخص لشركة "ذرى" لمزاولة نشاط التمويل الجماعي بالدين

No action neededAwareness

The Saudi Central Bank (SAMA) has licensed "Thara" to provide debt-based crowdfunding services. With this addition, the total number of companies licensed for this activity reaches nine, and the total number of licensed/authorized financing companies in Saudi Arabia becomes 59. SAMA states that this decision supports the financing sector, promotes innovation in financial services, and advances financial inclusion across all segments of society.

PublishedJanuary 22, 2024
Effective
GazetteNot gazetted
Original PDF ↗

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.

Check out the checklists →

Free. One click to unsubscribe, any time.