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UmrahCash
SA
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Symplfy.Ai
AE
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EG
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AE
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Capiter
EG
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AE
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AE
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News and Events
Jul 9, 2025

SAMA licenses Awn to offer consumer microfinance services

Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Awn Alraidah Microfinance Company (Awn) to engage in consumer microfinance activity through financial technology.With Awn, the total number of licensed companies offering consumer microfinance solutions in Saudi Arabia reached nine, bringing the total number of finance companies licensed by SAMA to 68 companies, the apex bank announced yesterday.This addition reflects SAMA’s commitment to fostering the finance sector, enhancing the efficiency of financial transactions, and promoting innovative financial solutions for financial inclusion in the Kingdom.Awn utilizes state-of-the-art digital technology to provide consumer microfinance services while enhancing user experience. It aims to contribute to customers' financial well-being and inclusion by delivering Sharia-compliant, trusted solutions that give them access to affordable financing. It is committed to safeguarding customers and investors through clear governance, risk controls, and other protective measures that ensure the safety and confidentiality of data and information.

Jun 30, 2025

PoS sales volume in Saudi Arabia rises by 12% in May

MUBASHER.SA

Jun 25, 2025

JeelPay, King Abdulaziz University to offer innovative tuition installment solutions

MUBASHER.SA

Jun 19, 2025

Alsulaiman Group acquires Taajeer Finance to lead financial services growth

MUBASHER.SA

Jun 16, 2025

NayaOne partners with AstroLabs to launch fully Saudi-hosted fintech platform

MUBASHER.SA

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