The Saudi Central Bank (SAMA) licensed Aij Company for Financing to provide financing to small and medium-sized enterprises and consumers, bringing the total number of finance companies licensed by SAMA to 71. SAMA linked the licensing decision to its efforts to support and enable the finance sector, increase the efficiency of financial transactions, and promote innovative financial solutions that advance financial inclusion in Saudi Arabia. It also reiterated that the public should deal only with authorized financial institutions and pointed to SAMA’s website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2026-03-12
Saudi Central Bank licenses Aij Company for Financing for SME and consumer finance bringing total licensed finance companies to 71
The Saudi Central Bank (SAMA) has licensed Aij Company for Financing to offer financing to small and medium-sized enterprises and consumers, increasing the total number of licensed finance companies to 71. This decision aligns with SAMA's strategy to enhance the finance sector's efficiency and promote financial inclusion in Saudi Arabia.