The Saudi Central Bank (SAMA) has licensed “Altknwlwjya aljadydh llhulul albrmjyh” and “lyn tknwlwjyz Company Saudi Arabia litqniyat nuzum almaelumat” to conduct payment services by providing account information, a service associated with open banking. The authorisations follow the successful completion of SAMA’s regulatory sandbox phase under its supervision. SAMA positioned the decision as part of its work to support the financial sector by improving the efficiency and flexibility of financial transactions, promoting innovation in financial services, and advancing financial inclusion and access across society. It also reiterated that customers should deal only with authorised financial institutions, with licensed and permitted entities listed on SAMA’s website.
Saudi Arabian Monetary Authority 2026-03-26
Saudi Central Bank licenses two firms to provide account information services under open banking
The Saudi Central Bank (SAMA) has licensed "Altknwlwjya aljadydh llhulul albrmjyh" and "Lyn Tknwlwjyz Company Saudi Arabia Litqniyat Nuzum Almaelumat" to provide payment services related to open banking. This follows their successful completion of SAMA’s regulatory sandbox phase. SAMA emphasizes the importance of dealing with authorized institutions to enhance financial sector efficiency, innovation, and inclusion.