The Saudi Central Bank (SAMA) licensed Muhlah Zamaniyah to engage in consumer microfinance activity through financial technology in Saudi Arabia. The authorization brings the number of licensed companies offering consumer microfinance solutions to 11 and increases the total number of finance companies licensed by SAMA to 68. SAMA also reiterated that customers should deal only with authorized financial institutions and referred to its official website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2025-09-16
Saudi Central Bank licenses Muhlah Zamaniyah to provide consumer microfinance through financial technology
The Saudi Central Bank (SAMA) has licensed Muhlah Zamaniyah to provide consumer microfinance services via financial technology, raising the number of licensed consumer microfinance providers to 11 and total finance companies to 68. SAMA emphasized the importance of engaging only with authorized financial institutions and directed customers to its website for a list of licensed entities.