The Saudi Central Bank (SAMA) has licensed alhulul almuntilaqa company to provide consumer microfinance solutions in Saudi Arabia. The licensing brings the number of SAMA-licensed consumer microfinance providers to 12 and increases the total number of finance companies licensed by SAMA to 70. SAMA also reiterated that customers should deal only with authorized financial institutions and directed stakeholders to its official website for the list of licensed and permitted entities.
Saudi Arabian Monetary Authority 2026-01-28
Saudi Central Bank licenses alhulul almuntilaqa to provide consumer microfinance solutions
The Saudi Central Bank has licensed alhulul almuntilaqa company to offer consumer microfinance solutions, raising the total number of SAMA-licensed consumer microfinance providers to 12 and finance companies to 70. SAMA emphasized the importance of engaging only with authorized financial institutions and referred stakeholders to its website for a list of licensed entities.