Based on the powers vested in SAMA under its Law issued by Royal Decree No. (M/36) dated 11/04/1442H, and the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/08/1433H,

We would like to inform you that His Excellency the Governor's Decision No. (162/MSHT) dated 27/03/1446H has been issued, which includes the approval of the amendment to the Rules for Engaging in Debt-Based Crowdfunding as per the attached version. Licensed debt-based crowdfunding companies are required to adjust their operations in accordance with the provisions of the rules within a period not exceeding (90) days from the date the rules are published on SAMA’s website.