Regulatory Alerts2023-01-12
Amendment to Article 8 of the Implementing Regulation of the Finance Companies Control Law
SAMA issued Governor's Decision 126/M SH T to amend Article 8 of the Implementing Regulation of the Finance Companies Control Law. The amendment establishes tiered minimum paid-up capital requirements based on business activities, mandating 200 million Saudi riyals for real estate finance, 100 million for other or combined activities, 50 million for exclusive small and medium enterprise finance, and 10 million for exclusive microfinance. SAMA retains authority to adjust these capital thresholds according to prevailing market conditions and risk profiles, while requiring full payment upon company establishment.
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