Authorisation & Licensing in Saudi Arabia

Why this matters

This news article discusses a delegation visit from the Hong Kong Academy of Finance to the Saudi Arabian Monetary Authority (SAMA), which is the central bank of Saudi Arabia.

Why this matters

This regulatory update announces that SAMA has licensed the 'Tabby finance' company to engage in Buy-Now-Pay-Later (BNPL) activities, which falls under the Payments & E-Money and Consumer Credit sectors.

Why this matters

This regulatory update announces that SAMA has licensed 'Darb Pay for Information Technology' to provide payment services, which is relevant for payment providers operating in Saudi Arabia.

Why this matters

This regulatory update from SAMA relates to the oversight framework for payment systems and their operators, which is relevant for payment providers. It covers topics around authorization and licensing as well as operational resilience, which are important for this sector.

Why this matters

This regulatory update from SAMA (Saudi Arabian Monetary Authority) regarding the revocation of the license of Fas Finance Company is relevant to banking and payments firms, particularly those operating in the Saudi Arabian market.

Why this matters

This news item discusses a summit hosted by SAMA (Saudi Arabian Monetary Authority) focused on innovation, which is relevant to banking, payments, and crypto/digital assets sectors. The key topics covered are likely technology, licensing, and operational resilience given the nature of the event.

Why this matters

This regulatory update from SAMA licenses a company called 'Madd Balas' to provide debt-based crowdfunding solutions, which is relevant to the banking, investment management, and wealth management sectors. The topics covered include authorization and licensing, consumer protection, and prudential requirements.

Why this matters

This regulatory update from SAMA relates to the implementing regulation of the Finance Companies Control Law, which impacts banks, fintechs, and payment providers operating in the Saudi Arabian financial sector. It covers prudential and licensing requirements, making it a medium urgency update for the relevant firms.

Why this matters

This regulatory update from SAMA (Saudi Arabian Monetary Authority) relates to the issuance of a fees guide for financial institutions' services, which impacts banking and payments sectors.