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Saudi Central Bank (SAMA) · Entity licensing
SAMA Licenses “Alpha Arabia Finance Company” to Provide Finance Activity
البنك المركزي السعودي يرخص لشركة "الفا العربية للتمويل" لمزاولة نشاط التمويل
No action neededAwareness
The Saudi Central Bank (SAMA) licensed "Alpha Arabia Finance Company" on 21/02/2024 to practice finance activities for small and medium enterprises, financial leasing, and consumer finance. With this license, the number of licensed/authorized finance companies in the Kingdom reached 60. SAMA stated the decision supports the finance sector and aims to enhance financial inclusion and the reach of financial services to all segments of society.
PublishedFebruary 21, 2024
Effective—
GazetteNot gazetted
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