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Business

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions

The decision shows SAMA's endeavor to support the financial sector.
By TRENDS Desk
May 16, 2024 6:15 am
  • With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia
  • The addition brings the total number of finance companies licensed and permitted by SAMA to 62, according to a SAMA news release

Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has licensed “Hala Financing” to provide debt-based crowdfunding solutions.

With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia. The addition brings the total number of finance companies licensed and permitted by SAMA to 62, according to a SAMA news release.

According to the statement, the decision shows SAMA’s endeavor to support the financial sector, increase efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.

SAMA reiterates the importance of dealing exclusively with authorized financial institutions.

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INSEAD Day 4- 300x600
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