Referring to Rule No. (300-1-3-8) concerning the collection accounts for managing the finance value of debt-based crowdfunding companies included in the bank account rules, notified in accordance with SAMA Circular No. (65681/67) dated 01/11/1440 H, and to SAMA Circular No. (46023501) dated (14/04/1446 H., the amount thereby issued by the Governor's Decision No. (162/MSHT) dated 27/03/1446 H approving the amendment of the Rules for Engaging in Debt-Based Crowdfunding.

Whereas, the amendment to the rules for practicing debt crowdfunding activity included the amendment to some of the terms used therein, including what is used in the name of the aggregate account for managing the value of financing in debt crowdfunding companies. Accordingly, I inform you that the following has been decided: 

First/ Amending the above-mentioned rule to be in accordance with the accompanying formula by replacing the term "debt crowdfunding establishments with the word debt crowdfunding company", as well as replacing the word "financing value" with "financing amount" wherever it appears in the rule. 

Second/ Amending the term and definition of the value of financing and the debt crowdfunding establishment contained in Chapter (I) on definitions to be as follows: 

• "Funding Amount: Funds collected by participants and granted to the beneficiary entity through the debt crowdfunding platform".
•  "Debt Crowdfunding Company: means a joint stock company licensed to practice debt crowdfunding activity".