SAMA Licenses 'Credit Line' Company to Engage in Consumer Microfinance Activity

The Saudi Central Bank (SAMA) licensed the “Credit Line” company to engage in consumer microfinance activity, bringing the total number of finance companies licensed by SAMA to 77 companies.
 This decision reflects SAMA's endeavor to support the finance sector, enhance 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 website.