Tag: SAMA
Saudi’s Arib raises $2.3mn in seed round to fund its portfolio...
The leading digital broker for personal loans in Saudi Arabia, Arib has closed a seed investment round totaling $2.3 million, led by Merak Capital,...
SAMA licenses ‘Moyasar Financial Company’ to provide payment services
The Saudi Central Bank (SAMA) has granted a license to a new payment financial technology company, called "Moyasar Financial Company" to provide eCommerce payment...
Arabian Centres’ FAS Labs gets SAMA nod to set up microfinance...
Saudi Arabia's leading owner and operator of shopping malls, Arabian Centres Company’s (ACC) subsidiary, FAS Labs, has secured preliminary approval from the Saudi Central...
Point of Sale terminals in Saudi Arabia surpass 1mn; SAMA
The Saudi Central Bank (SAMA) has revealed that the total number of Point of Sale (PoS) terminals in the Kingdom has surpassed 1 million,...
First fintech in Saudi; Urway secures certification from Saudi Payments
Saudi Arabia-based fintech, Urway has secured the Electronic Merchant Service Provider - Payment Technical Service Provider certificate, which is awarded by Saudi Payments.
The certification...
Saudi SAMA issues rules on e-service for banking documents
The Saudi Central Bank (SAMA) has issued controls on electronic issuance and verification for banking documents, as part of its ongoing efforts to improve the...
Saudi’s SAMA to begin repo operations with Bloomberg from Jan 2022
The Saudi Central Bank (SAMA) has revealed that it will use the Bloomberg auction system to conduct repo, reverse repo and Open Market Operations...
Saudi’s SAMA issues public consultation on rules for real estate refinance...
The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance companies in the kingdom.
The...
