Tag: SAMA
Saudi-based Arib signs membership agreement with Saudi Credit Bureau
Arib, a Saudi-based digital brokerage platform for loans, has signed a membership agreement with the Saudi Credit Bureau (Simah), marking an exceptional step in...
Tamweel Aloula raises capital to $133.2mn to fuel its expansion plans
Tamweel Aloula, a Saudi Closed Joint Stock Company, has revealed that it will be doubling its capital to $133.2 million, to support the company's...
Saudi Central Bank issues licenses to 3 new fintech companies
The Saudi Central Bank (SAMA) has issued licenses to three new companies specializing in finance and electronic payments, during the Global Entrepreneurship Congress sponsored...
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...
