Saudi Arabia’s SAMA Grants License to Tamara Finance for Consumer Lending and BNPL Services

The Saudi Central Bank (SAMA) has officially licensed Tamara Finance, expanding the country’s consumer finance and buy-now-pay-later (BNPL) sector. With this addition, the total number of licensed and permitted finance companies under SAMA’s supervision now stands at 65.

In a statement released today, SAMA reaffirmed its commitment to enhancing the finance sector, boosting the efficiency of financial transactions, and promoting innovative solutions to advance financial inclusion in Saudi Arabia. The move aligns with the Kingdom’s broader strategy to foster a robust and digitally-driven financial ecosystem.

SAMA also underscored the importance of engaging only with authorized financial institutions to ensure consumer protection and regulatory compliance. A complete list of licensed financial entities is available on SAMA’s official website.