Saudi Arabian Monetary Authority (SAMA) licensed ATAMAD to provide consumer microfinance solutions in Saudi Arabia. With ATAMAD’s authorisation, the number of licensed companies offering consumer microfinance solutions rises to eight, and the total number of finance companies licensed by SAMA increases to 65. SAMA also reiterated the importance of dealing only with authorised financial institutions and noted that the list of licensed and permitted entities is available on its official website.
Saudi Arabian Monetary Authority 2025-02-17
Saudi Arabian Monetary Authority licenses ATAMAD as a consumer microfinance provider, taking total to eight
The Saudi Arabian Monetary Authority (SAMA) has licensed ATAMAD to provide consumer microfinance solutions, increasing the number of such licensed companies to eight and the total number of finance companies licensed by SAMA to 65. SAMA emphasized the importance of engaging only with authorized financial institutions and noted that a list of licensed entities is available on its website.