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The Saudi Central Bank (SAMA) licensed “Madd Balas" company to provide debt-based crowdfunding solutions. With Madd Balas, there are now 14 licensed companies offering debt-based crowdfunding solutions in Saudi Arabia. This addition brings the total number of finance companies licensed by SAMA to 69 companies.
This decision reflects SAMA's 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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