SAMA Licenses “Tak Mal for financing” Company to Engage in Consumer Microfinance Activity

​البنك المركزي السعودي يرخص لشركة "تك مال للتمويل" لمزاولة نشاط التمويل الاستهلاكي المصغر من خلال التقنية المالية​

The Saudi Central Bank (SAMA) licensed "Tak Mal for Financing" to engage in consumer microfinance activity through financial technology, bringing the total number of companies licensed for this activity to 11, out of 72 licensed financing companies in the Kingdom. SAMA stated the decision supports the financing sector, encourages innovation in financial services, and promotes financial inclusion, and it stressed the importance of dealing only with financial institutions licensed or authorized by SAMA.

Original PDF ↗

See all from SAMA →