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Saudi Central Bank (SAMA) Announces Regulations For Payments, Payment Services

Saudi Central Bank (SAMA) Announces Regulations For Payments, Payment Services
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Saudi Central Bank permits two BNPL companies

This initiative is aimed at enticing a new segment of investors and companies that can bring added value to the sector for more efficient operation, while maintaining full adherence to the regulatory and supervisory guidelines defined by SAMA ....

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'Entrepreneurship World Cup' final to be held at Biban 2023 SME conference in Saudi Arabia

RIYADH: The final round of the Entrepreneurship World Cup is coming to Riyadh in March with competitors from more than 200 countries hoping to secure cash prizes worth over $1 million. The event’s finale is a key part of Biban 2023, one of the region’s largest start-up, small and medium enterprises and entrepreneurship conferences, set for Mar. 9 to 13 Biban 2023 is organized ....

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SAMA reduces minimum paid-up capital for finance firms supporting SMEs

RIYADH: The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces the minimum paid-up capital for finance firms specialized in financing and supporting small and medium enterprises to SR50 million ($13.3 million), according to a statement. SAMA said the amendment made to the Implementing Regulation of the Finance ....

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