Riyadh – Sharikat Mubasher: The Saudi Central Bank (SAMA) announced it has granted a license to JAK Finance to provide consumer finance services in Saudi Arabia, bringing the total number of finance companies licensed by the regulator to 75.

SAMA said in a press release that the decision reflects its ongoing efforts to support the development of the Kingdom’s finance sector, enhance the efficiency and flexibility of financial transactions, and encourage innovation in financial services to promote greater financial inclusion.

Founded as a digital-first financing company, JAK Finance aims to provide consumer financing solutions through a streamlined and technology-driven customer experience.

The company focuses on expanding access to financing services while leveraging digital tools to simplify application and approval processes, supporting Saudi Arabia’s broader push toward financial innovation and inclusion.