SAMA Licenses 'Funding Souq' to Provide Debt-Based Crowdfunding Solutions

The Saudi Central Bank (SAMA) licensed the Funding Souq company to provide debt-based crowdfunding solutions.
With Funding Souq, the number of companies authorized to offer debt-based crowdfunding solutions in Saudi Arabia reached 10. The total number of finance companies licensed by SAMA is 61.
This latest addition reflects SAMA’s commitment to supporting the financial sector, increasing the efficiency of financial transactions, and promoting innovative solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the need to deal exclusively with authorized financial institutions. To view licensed financial institutions, it recommends visiting its official website.