The Saudi Central Bank (SAMA) has licensed Madafuou Alarabia to engage in buy-now-pay-later (BNPL) activity. With this authorisation, the number of finance companies licensed by SAMA reaches 67. SAMA also reiterated the importance of dealing only with authorised financial institutions and pointed to its official website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2025-06-17
Saudi Central Bank licenses Madafuou Alarabia to provide buy now pay later services
The Saudi Central Bank (SAMA) has licensed Madafuou Alarabia for buy-now-pay-later (BNPL) activities, bringing the total number of licensed finance companies to 67. SAMA emphasized the importance of engaging only with authorised financial institutions and referred to its website for a list of licensed entities.