Riyadh: licensed "jak almuqaddimah Company" to provide consumer finance. This addition brings the total number of finance companies licensed in Saudi Arabia to 75.

According to Saudi Press Agency, this decision reflects SAMA's endeavor to support and enable the finance sector, increase the efficiency and flexibility of financial transactions, and promote innovation in the financial services provided. The aim is to enhance financial inclusion in Saudi Arabia and ensure access to financial services for all segments of society.

SAMA emphasizes the importance of dealing with financial institutions licensed or authorized by SAMA. This can be verified by visiting SAMA's website.