Posted inBanking & InsuranceNews

SAMA licenses Nama United Financing Company

This addition brings the total number of finance companies licensed by SAMA to 64.

sama
Credit: SAMA

The Saudi Central Bank (SAMA) has granted a license to Nama United Financing Company, authorising it to provide services including real estate finance, production assets finance, small and medium enterprise finance, finance leasing, and consumer finance. This addition brings the total number of finance companies licensed by SAMA to 64.

This decision aligns with SAMA’s efforts to support the finance sector, enhance the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.