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The Saudi Central Bank (SAMA) licensed “Al-an Alkhaligia" company to engage in consumer microfinance activities through financial technology. This addition brings the total number of finance companies licensed by SAMA to (67) companies.
SAMA's decision reflects its endeavor to support the finance sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.
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