The Saudi Central Bank (SAMA) has licensed Wukad Solutions for Aggregation Services to provide finance aggregation services in Saudi Arabia. SAMA linked the licensing decision to its efforts to support the financial sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion. It also reminded the public of the importance of dealing exclusively with authorized financial institutions and pointed to its website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2026-03-12
The Saudi Central Bank licenses Wukad Solutions for Aggregation Services to provide finance aggregation services
The Saudi Central Bank (SAMA) has licensed Wukad Solutions for Aggregation Services to offer finance aggregation services in Saudi Arabia. This decision aligns with SAMA's goals to enhance financial sector efficiency and promote innovative solutions for financial inclusion. SAMA also emphasized the importance of engaging only with authorized financial institutions.