Regulation, Risk & Compliance
Uncategorized
Saudi central bank sets minimum capital limit for microfinance firms
Saudi Arabia's central bank, the Saudi Arabian Monetary Authority, has set minimum capital limits for companies looking to offer small consumer and business loans. In an announcement on its website, the central bank set the minimum paid-up capital for a microfinance company at 20 million riyals (Dh19.5mn), reserving the right…
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