Riyadh – Sharikar Mubasher: The Saudi Central Bank (SAMA) announced granting a license to Tal Finance Co., enabling the company to offer debt-based crowdfunding solutions.

With the addition of Tal Finance, the total number of companies providing debt-based crowdfunding solutions in Saudi Arabia has risen to 12, according to the announcement on te official SAMA website.

 Meanwhile, the number of finance companies licensed by SAMA now stands at 62, according to a statement from the central bank.

This move underscores SAMA’s commitment to advancing the financial sector, enhancing the efficiency of financial transactions, and fostering innovative solutions that drive financial inclusion across the Kingdom.

SAMA also stressed the importance of engaging only with authorized financial institutions.