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The Saudi Central Bank (SAMA) licensed “BOUABA TSHIL" company to provide consumer microfinance solutions through financial technology. With BOUABA TSHIL, there are now (6) licensed companies offering consumer microfinance solutions, and the number of licensed financing companies in Saudi Arabia (61).
This decision reflects SAMA's endeavor to support the financial sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.
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