The Saudi Central Bank (SAMA) has licensed ALANNAYA AL-YATMANIA Company to provide finance aggregation services, bringing the number of licensed finance aggregation providers in Saudi Arabia to five. SAMA linked the licensing decision to its efforts to support the financial sector, increase the efficiency of financial transactions, and promote innovative financial solutions that support financial inclusion. It also reiterated the importance of dealing exclusively with authorised financial institutions and directed stakeholders to its website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2025-03-23
Saudi Central Bank licenses ALANNAYA AL-YATMANIA to provide finance aggregation services
The Saudi Central Bank (SAMA) has licensed ALANNAYA AL-YATMANIA Company to offer finance aggregation services, increasing the number of such providers in Saudi Arabia to five. This decision aligns with SAMA's goals to enhance financial sector efficiency and promote innovative solutions for financial inclusion. SAMA emphasized the importance of engaging only with authorized financial institutions.