Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Hala Financing to provide debt-based crowdfunding solutions in the Kingdom, bringing the total number of authorized companies offering debt-based crowdfunding solutions in Saudi Arabia to 11.

In a statement, the apex bank revealed that there are now 62 SAMA-licensed finance companies in the Kingdom.

This decision underscores SAMA’s commitment to enhancing the financial sector, increasing the efficiency of financial transactions, and fostering innovative financial solutions for financial inclusion in Saudi Arabia.