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Business

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

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
INSEAD Day 4- 300x600
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