The Saudi Central Bank (SAMA) has released a Circular regarding the updated Implementing Regulation of the Finance Companies Control Law, reinforcing its role in regulatory updates and supporting finance sector stability and growth.
Key changes include:
- Clear requirements for all financing activities.
- Updated aggregate finance limits and bank guarantees for licensing.
- Revised rules on related parties and license expiration.
These updates also repeal previous microfinance regulations and amend licensing rules for finance support activities. The final version reflects feedback from SAMA’s public consultation process underscoring its commitment to transparency and compliance.
Currently the Circular is available only in Arabic. We shall share the official English translation as soon as it is available.