The Saudi Central Bank (SAMA) licensed Nama United Financing to provide a range of finance activities, increasing the number of finance companies licensed and permitted by SAMA to 64. The authorisation covers real-estate finance, production assets finance, small and medium enterprise finance, finance lease, and consumer finance. SAMA also reiterated that customers should deal only with authorised financial institutions and pointed to its official website for the list of licensed and permitted firms.
Saudi Arabian Monetary Authority 2025-01-16
Saudi Central Bank licenses Nama United Financing, raising authorised finance companies to 64
The Saudi Central Bank (SAMA) has licensed Nama United Financing to offer various finance activities, bringing the total number of SAMA-licensed finance companies to 64. The authorization includes real-estate finance, production assets finance, SME finance, finance lease, and consumer finance. SAMA emphasized the importance of dealing with authorized financial institutions and referred to its website for a list of licensed firms.