SAMA reduces minimum paid-up capital for finance firms supporting SMEs 

Follow-ups -eshrag News:

Sun, 2023-01-22 13:17

RIYADH: The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces the minimum paid-up capital for finance firms specialized in financing and supporting small and medium enterprises to SR50 million ($13.3 million), according to a statement.

SAMA said the amendment made to the Implementing Regulation of the Finance Companies Control Law cements its efforts to further develop Saudi Arabia’s SME sector.

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