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The Saudi Central Bank (SAMA) licensed “SEULAH ALAWLA" company to provide consumer microfinance solutions. With SEULAH ALAWLA, there are now 7 licensed companies offering consumer microfinance solutions in Saudi Arabia. This addition brings the total number of finance companies licensed by SAMA to 63 companies.
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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