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Saudi Central Bank (SAMA) · Entity licensing
SAMA Licenses Finance Aggregation Service Provider
البنك المركزي السعودي يرخص لشركة لمزاولة نشاط الوساطة الرقمية لجهات التمويل
No action neededAwareness
On 10/11/2024, the Saudi Central Bank (SAMA) licensed Mal for Digital Brokerage Company to practice digital brokerage activity for finance entities, bringing the total number of companies licensed for this activity to four. SAMA stated the decision supports its goals of enabling the finance sector, improving the efficiency and flexibility of financial transactions, and enabling innovation in financial services to enhance financial inclusion in the Kingdom.
PublishedNovember 10, 2024
Effective—
GazetteNot gazetted
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