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The Saudi Central Bank (SAMA) licensed “Nayla Finance” company to engage microfinance activity. This addition brings the total number of finance companies licensed by SAMA to 66 companies in Saudi Arabia.
SAMA's focus in this respect reflects its keenness 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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