26/05/2014
"The market" is waiting for the license of "60 finance companies"
The remaining six months of the deadline given by the Saudi Arabian Monetary Agency (SAMA), for companies, institutions and local banks to modify their systems to accommodate new approved (SAMA) recently in the financing system, the deadline of 15 Muharam 1436, 8 November 2014. According to the Saudi Arabian Monetary Agency, the number of banks and companies that licensed activities funding systems and regulations until the end of the month of Rajab present 12 banks, and 8 companies, with the number of companies approved by the initial 10 companies, stressing the need to update the company's initial approval procedures for the settlement of their order with the Department of trade and industry. Sources revealed that the volume of requests for regular licenses the institution would be 50 license requests, under the lesson with the end of Ramadan, and the sources are working with companies on completion of their leaves and the requirements of the organization.
