Regulatory Alerts2025-12-24
Added · Updated
Circular Regarding the Increase of the Maximum Limit in Paragraph (1) of Article (Twenty-Second) of the Rules for Regulating Buy-Now-Pay-Later (BNPL) Companies
The Saudi Central Bank (SAMA) has issued a circular to increase the maximum limit for total outstanding financing for each individual customer in Buy-Now-Pay-Later (BNPL) activities. This limit has been raised from 5,000 Saudi Riyals to 10,000 Saudi Riyals, as per the powers vested in SAMA and in reference to Paragraph (1) of Article (Twenty-Second) of the BNPL Rules. Financial institutions are reminded to ensure compliance with all other relevant regulatory provisions and requirements.