The Saudi Central Bank (SAMA) announced the licensing of Mani; a finance debt collection company to provide debt collection service for finance institutions. The license was granted to the company after completing all requirements stipulated in the "Rules of Licensing Finance Support Activities" issued by SAMA.
This comes as part of SAMA's role in supervising, regulating and enabling the finance sector and its supporting activities.
SAMA invites institutions wishing to carry out finance debt collection activity to review the "Rules of Licensing Finance Support Activities" and relevant laws and guidelines defined by SAMA by visiting its official website.
SAMA stresses the importance of exclusively dealing with licensed and authorized financial institutions. To verify the licensed financial institutions, please visit SAMA's official website.
