The Saudi Central Bank (SAMA) has officially licensed AWN (شركة عون الرائدة) to offer micro consumer financing through financial technology (fintech), bringing the total number of licensed companies in this segment to 9, and raising the overall number of licensed finance firms in Saudi Arabia to 68.
This regulatory milestone is part of SAMA’s broader strategy to support the growth of the Kingdom’s financing sector, enhance the efficiency and flexibility of financial transactions, and foster innovation across financial services. The move aligns with Saudi Arabia’s long-term objective of achieving greater financial inclusion by expanding access to financial solutions for all segments of society.
SAMA reaffirmed the importance of dealing exclusively with institutions licensed or authorized by the Central Bank and encouraged the public to verify the status of financial entities through its official website.
The licensing of AWN underscores Saudi Arabia’s commitment to enabling modern, tech-driven financial services and reinforces the role of fintech in shaping the Kingdom’s evolving financial landscape.
