SAMA Licenses ‘Alpha Arabia Finance Company’ to Provide Finance Activity

The Saudi Central Bank (SAMA) has granted a license to Alpha Arabia Finance Company to engage in financing activities for small and medium enterprises, finance leases, and consumer finance. With this addition, the total number of finance companies licensed and permitted by SAMA now stands at 60.

This decision reflects SAMA’s commitment to supporting the financial sector and enhancing the efficiency of financial transactions in Saudi Arabia. SAMA emphasizes the importance of exclusively dealing with authorized financial institutions.

To access the list of licensed and permitted financial institutions, please visit SAMA’s official website