Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially licensed Tal Finance Co. to provide debt-based crowdfunding solutions, further expanding the Kingdom’s innovative financial ecosystem.
With the inclusion of Tal Finance, the total number of companies authorized to offer debt-based crowdfunding solutions in Saudi Arabia now stands at 12. Additionally, the number of finance companies licensed by SAMA has reached 62, underscoring the rapid growth and diversification of the country’s financial sector.
This licensing decision aligns with SAMA’s commitment to fostering a robust financial sector, enhancing the efficiency of financial transactions, and promoting innovative financial solutions that drive financial inclusion across the Kingdom.
SAMA reiterated the importance of engaging only with authorized financial institutions to ensure secure and regulated financial dealings.
This move reflects SAMA’s ongoing efforts to support the Kingdom’s Vision 2030 goals, which aim to transform Saudi Arabia into a global hub for technology-driven and inclusive financial services.
