SAMA Licenses Credit Line Company to Engage in Consumer Microfinance Activity

البنك المركزي السعودي يرخص لشركة "كريدت لاين" لمزاولة نشاط التمويل الاستهلاكي المصغر

The Saudi Central Bank (SAMA) announced it has licensed Credit Line Company to engage in consumer microfinance activity, bringing the total number of licensed finance companies to 77. SAMA stated the decision supports the finance sector, encourages innovation in financial services, and aims to enhance financial inclusion in the Kingdom. SAMA emphasized the importance of dealing only with institutions licensed or authorized by it, noting this can be verified via its website.

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