Riyadh, Kingdom of Saudi Arabia – 2025, The Saudi Central Bank (SAMA) has announced the issuance of a new license to “Nayla Finance”, authorizing the company to operate in the microfinance sector.
With this move, the total number of licensed finance companies in the Kingdom reaches 66.
This decision aligns with SAMA’s strategic efforts to support the financial sector by enhancing the efficiency and flexibility of financial transactions, and by encouraging innovation in financial services.
The ultimate goal is to promote financial inclusion and ensure access to financial services for all segments of society.
SAMA stressed the importance of dealing exclusively with licensed or authorized financial institutions, and advised consumers to verify licenses through the official SAMA website.
