Regulatory Alerts2025-12-28
Decision on the Cancellation of SAMA's Licensing Requirement for Finance Debt Collection Activities
The Saudi Central Bank (SAMA) has officially cancelled the mandatory licensing requirement for finance debt collection entities, streamlining regulatory compliance under its supervisory authority. Entities that previously held SAMA licenses or preliminary approvals must now update their activities in commercial registers to align with this regulatory change. This decision, issued by Deputy Governor for Supervision Yazeid bin Ahmed Al-Sheikh, applies to all licensed debt collection firms and financing companies operating within the Kingdom.
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