Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) granted license to Intelligent Solution Company for Digital Brokerage (Arib) to provide finance aggregation services, SAMA announced in a statement.

The new license raises the number of authorized companies providing finance aggregation services in the Kingdom to two.

The decision highlights SAMA’s commitment to support finance sector, enhance financial transactions, and promote innovative financial solutions for financial inclusion in the Kingdom.

Arib is a digital aggregator company that was founded in 2019 to provide various financing products and help customers obtain their financing requests from all approved financing institutions.