Regulation, Risk & Compliance
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SAMA reduces minimum paid-up capital for finance firms supporting SMEs
The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces the minimum paid-up capital for finance firms specialized in financing and supporting small and medium enterprises to SR50 million ($13.3 million), according to a statement. SAMA said the amendment made…
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Click here to read the full story: Arab News