logo-ar
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • smLoan.SME_LOANS
  • finTechHub
  • News
LoginRegister
  • english iconenglish
  • english iconarabic
  1. Mubasher News
  2. SAMA licenses Tamawal as newest finance aggregator in Saudi Arabia

SAMA licenses Tamawal as newest finance aggregator in Saudi Arabia

GHADA.ISMAIL
Apr 29, 2025
The new license supports efforts to boost transaction efficiency and promote financial sector innovation.

Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) has granted a license to "Tamawal" to offer finance aggregation services, bringing the total number of licensed finance aggregators in the Kingdom to six.

In an official statement, SAMA said the move is part of its ongoing efforts to strengthen the financial sector, boost the efficiency of financial transactions, and encourage innovative financial solutions that enhance financial inclusion across Saudi Arabia.

SAMA also reiterated the importance of working exclusively with licensed financial institutions. A full list of authorized entities is available on the Saudi Central Bank’s official website.

Tamawal is a Digital Financing Broker (DFB) that works as a marketplace for personalized loans to provide customers with instantly approved tailor-made financing products from regulated financial institutions in Saudi Arabia.

Tags

Tamawal
SAMA
License
Share

Attract clients with your ad

Start Now

Trending

GACA, Airbus partner to advance sustainable aviation in Saudi Arabia
MUBASHER.SA
Egypt’s Octane raises $5.2mn round to scale operations in MENA
MUBASHER
SIC, Investindustrial join efforts to accelerate industrial investments in Saudi Arabia
Riyadh - Sharikat Mubasher: The SIDF Investment Company (SIC) announced its first international private equity fund investment through a strategic partnership with Investindustrial, one of Europe’s leading investment groups.The partnership is expected to unlock new industrial investments in Saudi Arabia by facilitating the localization of advanced manufacturing and enabling Saudi SMEs to integrate into Investindustrial’s global value chains, SIC revealed in a statement today.The signing ceremony was attended by Sultan Khaled, Vice Chairman of SIC, and Carlo Baldocci, the Ambassador of Italy to Saudi Arabia.Targeting various sectors, including automation, medical devices, and sustainable consumer products, this partnership focuses on enhancing local value creation and driving innovation in the Saudi industrial landscape.Commenting on the partnership, Fahad Al-Naeem, CEO of SIC, said: “This agreement represents a new chapter for SIC. By partnering with Investindustrial, we’re bridging global reach, operational depth, and industry specialisation into our ecosystem, positioning Saudi Arabia as the platform for regional and international manufacturing growth.”He highlighted that SIC will harness its local market expertise to pave the way for global manufacturers to establish a footprint in Saudi Arabia and connect with international supply chains.Meanwhile, Andrea Bonomi, Chairman of Investindustrial, stated that the partnership with SIC represents an important milestone in supporting Saudi Arabia’s economic diversification and industrial development. “We are excited for this partnership and look forward to working hand-in-hand with SIC to drive the sustainable growth of Saudi Arabia’s industrial sector.”Moreover, the partnership between SIC and Investindustrial perfectly aligns with the Saudi National Industrial Strategy (NIS) and Vision 2030 goals of positioning the Kingdom as a competitive global manufacturing and supply chain hub.  
OCTA secures $20mn from Sukna Fund to support Saudi SMEs
MUBASHER.SA
AviLease expands fleet with up to 77 new Airbus aircraft
MUBASHER.SA

Related News

Fintech News
Calendar Icon
Jun 16, 2025
NayaOne partners with AstroLabs to launch fully Saudi-hosted fintech platform
Read More
Fintech News
Calendar Icon
Jun 2, 2025
PoS sales in Saudi Arabia touch SAR 52 bn in April
Read More
Fintech News
Calendar Icon
May 27, 2025
WaffarX, DGTERA partner to boost customer loyalty in F&B sector
Read More
Fintech News
Calendar Icon
May 18, 2025
Numu Angels launches “Numu Angels Syndicates” in partnership with Rundet
Read More
Fintech News
Calendar Icon
May 7, 2025
Saudi Arabia to host Fintech Revolution Summit 2025 in Jeddah on 3 July
Read More
Fintech News
Calendar Icon
May 4, 2025
Fawry, Microsoft cooperate to empower SMEs with integrated digital-financial solutions
Read More
Fintech News
Calendar Icon
Apr 29, 2025
SAMA licenses Tamawal as newest finance aggregator in Saudi Arabia
Read More

newsLetter.widgetTitle

newsLetter.description

validationMsg.emailRequired
validationMsg.validEmail
logo-ar

footerDesc

  • Home
  • Companies
  • Investors
  • finTechHub
  • Opportunities
  • News
  • ContactUs
  • Sitemap
copyRight