The Saudi Central Bank (SAMA) licensed Tal Finance Co. 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, the central bank said, in a statement.
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.
Further, SAMA emphasized the importance of dealing exclusively with authorized financial institutions.
The Saudi Central Bank (SAMA) licensed Tal Finance Co. 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, the central bank said, in a statement.
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.
Further, SAMA emphasized the importance of dealing exclusively with authorized financial institutions.
