The Saudi Central Bank (SAMA) has licensed Tamara Finance to provide consumer finance and buy-now-pay-later (BNPL) services. With the addition of Tamara Finance, the number of finance companies licensed and permitted by SAMA has increased to 65. SAMA also reiterated the importance of dealing only with authorized financial institutions and directed stakeholders to its official website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2025-03-03
Saudi Central Bank licenses Tamara Finance to provide consumer finance and buy-now-pay-later services
The Saudi Central Bank (SAMA) has licensed Tamara Finance to offer consumer finance and buy-now-pay-later services, raising the total number of licensed finance companies to 65. SAMA emphasized the importance of engaging with authorized financial institutions and referred stakeholders to its website for a list of licensed entities.