regulation

Implementing Regulation of Finance Companies Control Law

Issuing bodySAMA
CountrySaudi Arabia
RegionNational
FinanceRegulationLicensingSAMA

This document is the Implementing Regulation of the Finance Companies Control Law in Saudi Arabia, issued by SAMA. It defines key terms related to finance activities, outlines SAMA's role in organizing and supervising the finance sector, and sets forth general provisions for finance companies operating within the Kingdom. The regulation aims to provide clarity and structure to the finance industry.

Key requirements
  • Finance Companies must be licensed by SAMA to carry out finance activities.
  • Finance Companies must adhere to the definitions and provisions outlined in the Regulation.
  • SAMA shall supervise the business of Finance Companies in accordance with the Law and the Regulation.
Applies to: Finance Companies licensed to carry out Finance activity in Saudi Arabia
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