The Saudi Central Bank (SAMA) has licensed Muqaranah to provide finance aggregation services in Saudi Arabia. SAMA linked the licensing decision to its efforts to support the financial sector, improve the efficiency of financial transactions, and promote innovative financial solutions to advance financial inclusion. It also reiterated that customers should deal only with authorized financial institutions and pointed to its official website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2025-09-16
Saudi Central Bank licenses Muqaranah to provide finance aggregation services
The Saudi Central Bank (SAMA) has licensed Muqaranah to offer finance aggregation services in Saudi Arabia, aligning with its goals to enhance financial sector efficiency and promote innovative solutions for financial inclusion. SAMA emphasized the importance of engaging with authorized financial institutions and referred to its website for a list of licensed entities.