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Saudi Arabia: Sama Grants Micro-Financing License to Zain Subsidiary
January 4th, 2021 - 07:45 GMT

Saudi Arabia: Sama Grants Micro-Financing License to Zain Subsidiary

The Saudi Central Bank (Sama) has granted a license to Tamam Financing Company , a financial technology subsidiary of telecom provider Zain Group, to provide micro-financing services to consumers across the Kingdom. This makes Tamam the first entity in the Kingdom and the region to be licensed by a regulator to offer consumer micro-loans via a fully digital customer experience, through a mobile app. The licensing follows the completion of ...
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