Regulatory Alerts2025-12-22
Added · Updated
Implementing Regulation of the Finance Companies Control Law
The Saudi Central Bank establishes the Implementing Regulation of the Finance Companies Control Law, defining licensing requirements, minimum paid-in capital thresholds ranging from SAR 5 million to SAR 200 million based on activity type, and operational limits such as a SAR 60,000 ceiling for micro-consumer finance and SAR 20,000 for microfinance. The regulation mandates strict eligibility criteria for founders and senior management, enforces capital adequacy and liquidity standards, and outlines corporate governance, internal control, and risk management obligations. It further specifies licensing fees, renewal procedures, and conditions for product approval and profit distribution.
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