SAMA Introduces License for Activities Supporting Finance Sector in Saudi Arabia

The Saudi Arabian Monetary Authority (SAMA) has launched licenses for activities that support the finance sector in the country. 

This new move comes on the back of SAMA's commitment towards supporting the finance sector by facilitating activities to improve the sector and support companies as well as facilitate their operations.

SAMA recently announced the first licence issuance for National Finance Services Company, a closed joint-stock company with a capital of SAR 80 million in Saudi Arabia, which is set to provide activities supporting the country's Finance sector. 

The licensing initiative is also aligned with the role of SAMA in strengthen...