SAMA Grants License to Tamara Finance for Consumer Finance, BNPL Services
The Saudi Central Bank (SAMA) has granted a license to Tamara Finance, allowing the company to offer consumer finance and buy-now-pay-later (BNPL) services. This approval raises the total number of finance companies licensed and authorized by SAMA to 65.
In an official statement released today, SAMA reaffirmed its commitment to strengthening the financial sector, enhancing the efficiency of financial transactions, and fostering innovation to promote financial inclusion across Saudi Arabia.
SAMA also stressed the importance of engaging only with licensed financial institutions. A complete list of authorized entities is available on SAMA's official website.
Related Topics :
Saudi Banks Face WhatsApp Ban: SAMA Orders Secure Channels
SAMA Licenses Two Fintech Firms, Boosting Saudi Arabia's Digital Economy
Saudi Arabia Partners with US Firm to Launch 'Flying Cars'
Future of Sustainability Initiative: Saudi Arabia Promotes Fashion Recycling
Short link :
Post Views: 1 Related Stories
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
5 hours ago
- Saudi Gazette
Saudi Arabia and Netherlands sign agreements with investments exceeding SR428 million
Saudi Gazette Report AMSTERDAM — Saudi Arabia and the Netherlands have signed a number of agreements and memoranda of understanding (MoU) with investments exceeding SR428 million in Amsterdam. The agreements were inked between a number of Saudi and Dutch companies with the aim to develop and localize modern technologies in the environmental, water, and agricultural fields. Saudi Deputy Minister of Environment, Water, and Agriculture Eng. Mansour Al-Mushaiti attended the ceremony of signing 27 agreements and MoUs during his current visit to the Netherlands from June 10 to 12 in the presence of a number of the Dutch government officials as well as senior executives and business leaders from the public and private sectors. The signing included a MoU between the Saudi National Program for the Development of the Livestock and Fisheries Sector and the Dutch company VigGuard to establish cooperation to localize livestock disease control research. MoUs were also signed between the National Center for Sustainable Agriculture Research and Development, the Dutch Greenhouse Alliance, the Dutch company Hoogendoorn, Hudson River Biotechnology, and Wageningen University, to launch initiatives in the fields of agricultural technology and research, and to establish capacity-building partnerships in the fields of agricultural innovation, greenhouse farming solutions, and green biotechnology. The partnerships also included the signing of a MoU between the National Agricultural Services Company and Delphi to support agricultural innovation. MoUs were also signed between the Makkah Region Development Authority, Van der Hoeven Projects for Protected Agriculture and Horticulture, and Horizon 11 to transfer and localize biotechnology. A MoU was signed between Al-Yasin Agricultural Company and the Cobret Experimental Center to establish a partnership worth up to one million euros to promote biotechnology in control and crop protection. Another MoU was signed between the Saudi Greenhouse Management and Agricultural Marketing Company and Plantae and Certhon with the aim of investing in localizing innovations in the agricultural sector. A memorandum of understanding was signed between the Lehaa Group of Companies for Trade and Agricultural Investment, the Dutch Royal HZPC Group, and the Gal Sahara Potato Production Company, with investments exceeding SR76 million. This will enhance potato production in the Kingdom, in addition to establishing a French fries factory equipped with the latest processing technologies. Eng. Mansour Al-Mushaiti also witnessed the signing of six MoUs between Dafa Agricultural Company and a number of companies specialized in the fields of vegetables, fruits, fertilizers, greenhouses, and software project supply, with investments exceeding SR292 million. It is worth noting that this visit comes within the framework of the plans and vision of the Ministry of Environment, Water, and Agriculture to enhance the global capacity of the Saudi agricultural sector, expand the production and export of local agricultural products, contribute to increasing the volume of trade between the Kingdom and the Netherlands, and strengthen international partnerships, in order to achieve the goals of the Kingdom's Vision 2030.
Saudi Gazette
7 hours ago
- Saudi Gazette
BD Saudi Arabia charts a value-driven healthcare future under new leadership
Becton Dickinson (BD) in Saudi Arabia today announced its reinforced commitment to the Kingdom's ambitious healthcare transformation under the leadership of its newly appointed Country General Manager, Omar Malabarey. With a distinguished career spanning public and private healthcare sectors, Malabarey brings a wealth of experience and a clear vision to drive BD's impact on the local healthcare ecosystem. Malabarey's appointment marks a pivotal moment for BD Saudi Arabia, as he aims to leverage BD's global legacy of innovation in medical technology to foster value-based healthcare solutions, cultivate strategic partnerships, and champion local talent development, all in strong alignment with Saudi Arabia's Vision 2030. "Joining BD is a natural continuation of my mission to elevate the healthcare ecosystem in the Kingdom," said Omar Malabarey. "My focus is on creating a long-lasting impact by delivering solutions that not only enhance patient care and safety but also contribute to the efficiency and modernization of the entire healthcare system." Internally, Malabarey is dedicated to cultivating a collaborative and empowering workplace culture, positioning BD as an employer of choice for Saudi talent. Externally, his priority is to elevate BD's corporate identity beyond its well-recognized products, establishing the company as a trusted partner in healthcare transformation. Central to BD's strategic approach are its Signature Programmes™️, which address three critical areas: Patient Safety, Healthcare Worker Safety, and Healthcare Efficiency. These initiatives are designed to empower hospitals across Saudi Arabia to implement best practices in infection control, optimize workflows, and ultimately improve outcomes for both patients and medical professionals. Highlighting Saudi Arabia as a strategic and pioneering market in digital healthcare, Malabarey emphasized the Kingdom's rapid progress towards a modern, efficient, and patient-centered healthcare model under Vision 2030 and the Health Sector Transformation Program. BD is actively contributing to this shift with smart medication management systems, pharmacy robotics, and digital health solutions designed to minimize human error and maximize care has significantly expanded its local presence, now employing approximately 170 professionals and operating through seven strategic distributors. Reinforcing its commitment to local development, BD recently launched the state-of-the-art BD Training Center in Riyadh in April, providing hands-on clinical and technical training for healthcare professionals and biomedical engineers. The company also hosted its inaugural BD Healthcare Summit, convening key stakeholders to discuss the future of AI, automation, and workforce development in collaborations underpin BD's commitment to the Kingdom. These include partnerships with STC and Mobily to explore digital health innovations, a pioneering collaboration with Al Mujtamaa Pharmacy, making it the first digitally enabled pharmacy in Saudi Arabia, and a partnership with the Saudi Nursing Association aimed at developing clinical competencies and supporting the healthcare ahead, Malabarey envisions BD as a long-term healthcare enabler in Saudi Arabia, deeply invested not just in growth but in meaningful impact. From supporting local workforce initiatives to driving best practices in clinical care, BD is poised to be a central player in the country's ongoing healthcare transformation.
Saudi Gazette
10 hours ago
- Saudi Gazette
NEOM Port trains 10 Saudi women in remote crane operation
Saudi Gazette report TABUK — NEOM Port has begun training 10 young Saudi women from the Tabuk region in advanced technical jobs, including remote operation of cranes. This training is part of a pioneering two-year program that combines technical education, practical training, and career guidance. This initiative coincides with NEOM Port's delivery of the first batch of fully automated, remote-controlled cranes designed to transfer containers and cargo from ships to the dock, enhancing its readiness for smart trade. This equipment, the first of its kind in the Kingdom, will contribute to raising the port's efficiency and strengthening its position as a global center for smart and sustainable trade. Development work is accelerating at NEOM Port in preparation for the opening of Advanced Container Terminal No. 1 in 2026, which will implement an automated horizontal transport system as part of the port's plan to achieve full automation. With the introduction of these new technologies, the port's logistics capacity is expected to double, supporting industrial growth in the region and expanding access to global markets, in addition to enhancing the flexibility and efficiency of supply chains and opening up horizons of new works.
