SAMA licenses Tal Finance to provide debt-based crowdfunding solutions

31/12/2024 Argaam
Logo ofThe Saudi Central Bank (SAMA)

Logo of The Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) licensed Tal Finance Co. to provide debt-based crowdfunding solutions.

 

With Tal Finance, the total number of companies offering debt-based crowdfunding solutions in Saudi Arabia reaches 12. In addition, the number of finance companies licensed by SAMA totals 62, the central bank said in a statement.

 

This decision reflects SAMA's endeavor to support the finance sector, increase efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.

 

​Further, SAMA emphasized the importance of dealing with authorized financial institutions.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.