SAMA Licenses “Tal Finance” Company to Provide Debt-Based Crowdfunding Solutions
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The Saudi Central Bank (SAMA) licensed “Tal Finance" company to provide debt-based crowdfunding solutions. With Tal Finance, there are now 12 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia. This addition brings the total number of finance companies licensed by SAMA to 62 companies.
This decision reflects SAMA's endeavor to support the financial sector, increase 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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