The Saudi Arabian Monetary Authority (SAMA) revoked Fas Finance Company’s license to conduct consumer microfinance activity using financial technology in Saudi Arabia. The revocation followed the company’s request to cancel its license after completing its liquidation process and cancelling its commercial register, set out in a letter dated 9/3/1447AH (1/9/2025), and the owner’s earlier decision dated 15/1/1447AH (10/7/2025) to liquidate a dormant company.
Saudi Arabian Monetary Authority 2025-11-13
Saudi Arabian Monetary Authority revokes Fas Finance Company license for consumer microfinance using financial technology
The Saudi Arabian Monetary Authority revoked Fas Finance Company's license for consumer microfinance using financial technology in Saudi Arabia. This action followed the company's request to cancel its license after completing liquidation and cancelling its commercial register.