SAMA Grants License to Thara for Debt-Based Crowdfunding Solutions
Thara now joins nine authorized companies offering such services in Saudi Arabia.
By Inc.Arabia Staff
The Saudi Central Bank (SAMA) has licensed Thara to provide debt-based crowdfunding solutions.[1]
Read More: SAMA Issues Rules for Regulating BNPL
Thara now joins nine authorized companies offering such services in Saudi Arabia, contributing to a total of 59 finance companies licensed and permitted by SAMA.
This decision underscores SAMA's commitment to enhancing the efficiency of financial transactions while supporting the broader financial landscape in Saudi Arabia.
In November, Dnaneer Financing Company was authorized by SAMA to offer debt-based crowdfunding services.
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