The Saudi Central Bank (SAMA) has opened a public consultation on a draft update to the implementing regulations of the Finance Companies Control Law, published via the National Competitiveness Center’s Istitlaa platform. The proposed changes are framed around increasing the aggregate financing amount that a finance company may offer and updating supervisory requirements. The draft includes measures to ease licensing requirements by reducing the bank guarantees required when submitting licence applications. It also revises provisions concerning related parties and sets out cases in which licences granted to finance companies expire. Feedback and comments can be submitted for 30 days, after which SAMA will review inputs and approve a final version.
Saudi Arabian Monetary Authority 2025-04-27
Saudi Central Bank launches consultation on updated implementing rules for finance companies including higher aggregate financing and eased licensing guarantees
The Saudi Central Bank (SAMA) is consulting on draft updates to the implementing regulations of the Finance Companies Control Law. Key proposals include increasing the aggregate financing amount finance companies can offer, easing licensing requirements by reducing bank guarantees, and revising provisions on related parties and licence expiration.