Saudi Arabian Monetary Authority (SAMA) has opened a public consultation on a draft update to the Implementing Regulations of the Finance Companies Control Law via the National Competitiveness Center’s Istitlaa platform. The proposals would increase the aggregate finance amount that a finance company can offer and ease entry requirements by reducing the bank guarantees required for licence applications. The draft also revises provisions applicable to related parties and sets out cases in which licences granted to finance companies expire. The consultation window is open for 30 days, after which SAMA will consider feedback before approving the final version.
Saudi Arabian Monetary Authority 2025-04-27
Saudi Arabian Monetary Authority launches consultation on draft implementing rules update to expand finance company lending and lower licensing bank guarantees
The Saudi Arabian Monetary Authority has launched a public consultation on proposed updates to the Implementing Regulations of the Finance Companies Control Law. Key changes include increasing the aggregate finance amount finance companies can offer and easing entry requirements by reducing bank guarantees for licence applications. The draft also revises provisions for related parties and outlines conditions for licence expiration.