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Saudi Central Bank (SAMA) · Entity licensing
SAMA Licenses “jak almuqaddimah Company” to Provide Consumer Finance
البنك المركزي السعودي يُصدر ترخيصاً لشركة "جاك المقدمة" لمزاولة نشاط التمويل الاستهلاكي
No action neededAwareness
The Saudi Central Bank (SAMA) licensed "jak almuqaddimah Company" to provide consumer finance, bringing the total number of finance companies licensed by SAMA to 75. SAMA states the decision reflects its efforts to support the finance sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion. SAMA emphasizes the importance of dealing only with authorized financial institutions.
PublishedJune 1, 2026
Effective—
GazetteNot gazetted
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