Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) announced granting a license to "Nama United Financing" company, expanding its scope to offer a wide range of financial services, including real estate financing, production asset financing, small and medium enterprise (SME) financing, finance leasing, and consumer financing.

According to SAMA’s announcement on its official website, this move elevates the total number of licensed and authorized finance companies in Saudi Arabia to 64, showcasing the Kingdom's growing financial landscape.

This strategic decision underscores SAMA's commitment to fostering the growth and modernization of the financial sector.

SAMA also reiterated the importance of engaging only with licensed financial institutions to ensure secure and reliable financial dealings.