Saudi CMA Grants FinTech Experimental Permit to Sahem Financial for Debt Instrument Offering and Investment

The Capital Market Authority (CMA) of Saudi Arabia announced that Sahem Financial Company has completed the necessary requirements to commence operations under its FinTech experimental permit related to the offering and investment in debt instruments. The permit was issued in accordance with the Capital Market Law, enacted by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit Instructions approved by the CMA Board. Sahem Financial was granted approval to begin its experimental activities pursuant to the CMA Board of Directors’ decision dated July 8, 2024.