Skip to main content

Article 1

No: M/51 Date(g): 3/7/2012 | Date(h): 14/8/1433 Status: In-Force

The following terms and phrases – wherever mentioned in this Law – shall have the meanings assigned thereto unless the context requires otherwise:

Law: Finance Companies Control Law.

Regulations: Implementing Regulations of this Law.

SAMA: Saudi Central Bank*.

Governor: Governor of SAMA.

Finance company: A company licensed to engage in finance activities.**

Borrower: A person receiving finance.

Consumer: A person to whom finance services are offered.

License: A license issued by SAMA to a company to engage in finance activities.

Finance: Extending credit under contract for activities stipulated in this Law.


* The "Saudi Arabian Monetary Agency" was replaced By the "Saudi Central Bank" in accordance with The Saudi Central Bank Law No. (M/36), dated 11/04/1442H, corresponding to 26/11/2020G.

**This paragraph has been amended in accordance with the Royal Decree No. (M/272) dated 04/12/1445H, corresponding to 10/06/2024G.