GO Telecom has announced that its subsidiary, Hulul Al-Intilaq for Finance, has received initial approval from the Saudi Central Bank (SAMA) to establish a micro-consumer finance company in Saudi Arabia.
The approval, granted on November 3, 2025, comes with an initial capital of 20 million Saudi Riyals, aligning with GO Telecom’s vision to diversify revenue streams and enhance business sustainability through innovative financial services.
The company is currently working to complete all necessary regulatory procedures to establish Hulul Al-Intilaq for Finance in accordance with the Companies Law under the Ministry of Commerce and Investment, as well as fulfilling the requirements of the Saudi Central Bank within six months of the initial approval to obtain the official license.
Once licensed and operational, Hulul Al-Intilaq for Finance aims to provide a comprehensive suite of innovative micro-consumer finance solutions. This initiative is part of GO Telecom’s strategy to enhance digital financial services and empower customers with flexible and accessible financing options, supporting the Kingdom’s digital transformation and market aspirations.
This expansion is expected to create new opportunities that enhance return on investment, benefiting shareholders and stakeholders alike.
The move underscores GO Telecom’s commitment to strengthening its position as a leader in integrated financial and technological solutions in Saudi Arabia.
