Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) granted the license to Funding Souq to provide debt-based crowdfunding solutions, raising the number of authorized companies offering debt-based crowdfunding solutions in the Kingdom to 10.

According to SAMA’s statement, there are now 61 licensed finance companies in Saudi Arabia.

The central bank plays a crucial role in enhancing the financial sector, upgrading the efficiency of financial transactions, and promoting innovative financial solutions for financial inclusion in the Kingdom.