Tamawal gets SAMA license to conduct financial aggregation services

06:27 PM (Mecca time) Argaam

The Saudi Central Bank (SAMA) licensed Tamawal Co. to provide financial aggregation services, according to a statement today, April 28.

 

Tamawal is the sixth company to be licensed by SAMA to provide financial aggregation services in Saudi Arabia.

 

This decision reflected SAMA's endeavor to support the local financial sector, boost efficiency of financial transactions, and promote financial inclusion in Saudi Arabia.

 

The Saudi central bank also emphasized the importance of dealing exclusively with licensed financial institutions.

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