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The Saudi Central Bank (SAMA) licensed “Alpha Arabia Finance Company" to provide financing activity to small and medium enterprises, finance leases, and consumer finance. This addition brings the total number of finance companies licensed and permitted by SAMA to (60) companies.
This decision reflects SAMA's endeavor to support the financial sector and increase the efficiency of financial transactions 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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