Riyadh, Saudi Arabia – April 29, 2025 – The Saudi Central Bank (SAMA) has officially granted Tamawal a license to operate as a finance aggregator in the Kingdom, further expanding the range of regulated entities offering digital financial solutions.
Tamawal becomes the sixth company licensed by SAMA to provide finance aggregation services, reinforcing the Kingdom’s commitment to enhancing fintech innovation and financial inclusion. This move is part of SAMA’s broader strategy to develop a robust and diversified financial ecosystem aligned with the goals of Vision 2030.
In its official statement, SAMA emphasized that the licensing decision is aimed at increasing the efficiency of financial transactions and supporting the adoption of innovative financial solutions across the sector. The regulator also reiterated the importance of engaging only with licensed and authorized financial institutions to ensure consumer protection and market stability.
This latest development follows SAMA’s recent approval of Tamara Finance in March 2025, allowing the company to offer consumer finance and buy-now-pay-later (BNPL) services, further highlighting the rapid evolution of Saudi Arabia’s fintech landscape.
With continued regulatory support, Saudi Arabia remains one of the region’s fastest-growing markets for fintech and digital financial services.
