Zain KSA’s fintech wing Tamam secured first micro-financing license in Kingdom

By Rahul Vaimal, Associate Editor
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The prominent mobile telecom company in Saudi Arabia, Zain KSA’s fintech subsidiary Tamam Financing Company (Tamam) has officially been licensed by the Saudi Central Bank (SAMA) to provide micro-financing services to consumers across the Kingdom.

With the SAMA license, Tamam becomes the first Fintech provider in the country to be authorized to offer consumers instant micro-lending solutions via a fully digital experience.

Tamam’s services will be available across the Kingdom through an instant, seamless process conducted through its Shari’a-compliant platform that helps customers to acquire micro-financing in less than five minutes.

Sultan Bin AbdulAziz Al-Deghaither
Sultan Bin AbdulAziz Al-Deghaither
Vice-Chairman & Managing Director

“The Saudi Central Bank’s license is a breakthrough that gives Tamam a unique position as the first fintech digital provider in the Kingdom. Innovation and investment in viable digital services such as the fintech sector are critical to Zain KSA’s vision of becoming the Kingdom’s leading digital lifestyle provider. Zain KSA’s vision requires us to tap new digital growth areas in line with the Kingdom’s national digital transformation plan within Saudi Vision 2030.”

The platform was tested for eighteen months with the SAMA’s Regulatory Sandbox has made Tamam the most robust of its kind and with the approval of the license, the company is planning to increase the number of consumers benefiting from micro-financing services.

During its pilot phase, Tamam demonstrated high product viability and obtained PCI-DSS accreditation which ensures the security of card data at business.

“Thanking HE Dr. Ahmed bin Abdulkarim Alkholifey, Governor of the Saudi Central Bank (SAMA) and all the relevant divisions of the establishment, for their proactive efforts to promote innovation in the fintech sector in the Kingdom, he also recognizes the efforts of the Tamam team, which played a vital role in realizing this opportunity and scaling it to its current level,” Al-Deghaither concluded.


Tamam is the fintech arm of Zain KSA which was established in 2019, to address the Financial Sector Development Program of Saudi Vision 2030 which aims to increase financial inclusion in the Kingdom and develop digital solutions for that purpose.