Logo ofEtihad Atheeb Telecommunication Co. (GO)
Etihad Atheeb Telecommunication Co. (GO) announced that its subsidiary, Hulool Al-Intilaq Finance, received preliminary approval from the Saudi Central Bank (SAMA) to operate as a micro-consumer financing company in the Kingdom. 
The company has a capital of SAR 20 million and, upon licensing, will provide micro-consumer financing services in compliance with the approved regulations and laws in Saudi Arabia.
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Etihad Atheeb noted that the company is in the process of completing all necessary regulatory procedures to establish Hulool Al-Intilaq Finance under the Companies Law with the Ministry of Commerce and Investment.
It aims to finalize the establishment process and meet SAMA’s requirements within six months from the date of preliminary approval to obtain the official license for micro-consumer financing operations.
Once licensed and operational, Hulool Al-Intilaq Finance aims to offer a range of micro-consumer financing solutions as part of GO’s strategy to enhance digital financial services and provide customers with flexible and accessible financing options.
The company stated that establishing Hulool Al-Intilaq Finance aligns with its vision to diversify revenue streams and enhance business sustainability by offering financial services that support digital transformation and market growth.
The company expects this expansion to create new opportunities that enhance return on investment, benefiting shareholders and stakeholders.
Etihad Atheeb confirmed that any future developments regarding the final licensing of Hulool Al-Intilaq Finance by SAMA will be announced in due course.
Logo ofEtihad Atheeb Telecommunication Co. (GO)
Etihad Atheeb Telecommunication Co. (GO) announced that its subsidiary, Hulool Al-Intilaq Finance, received preliminary approval from the Saudi Central Bank (SAMA) to operate as a micro-consumer financing company in the Kingdom.
The company has a capital of SAR 20 million and, upon licensing, will provide micro-consumer financing services in compliance with the approved regulations and laws in Saudi Arabia.
For more news on listed companies
Etihad Atheeb noted that the company is in the process of completing all necessary regulatory procedures to establish Hulool Al-Intilaq Finance under the Companies Law with the Ministry of Commerce and Investment.
It aims to finalize the establishment process and meet SAMA’s requirements within six months from the date of preliminary approval to obtain the official license for micro-consumer financing operations.
Once licensed and operational, Hulool Al-Intilaq Finance aims to offer a range of micro-consumer financing solutions as part of GO’s strategy to enhance digital financial services and provide customers with flexible and accessible financing options.
The company stated that establishing Hulool Al-Intilaq Finance aligns with its vision to diversify revenue streams and enhance business sustainability by offering financial services that support digital transformation and market growth.
The company expects this expansion to create new opportunities that enhance return on investment, benefiting shareholders and stakeholders.
Etihad Atheeb confirmed that any future developments regarding the final licensing of Hulool Al-Intilaq Finance by SAMA will be announced in due course.
