Sunday, March 3

The Saudi Central Bank (SAMA) approved amending Article (8) of the Executive Regulations of the Finance Companies Control Law.

Accordingly, the central bank gave the go-ahead for reducing the minimum capital of small and medium-sized enterprises (SMEs) finance firms to SAR 50 million.

The move aims to boost SMEs through attracting a certain niche of investors to establish financing firms in this field and to reduce the related capital requirements…
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