Based on the powers granted to the Central Bank under the Companies Financing Control Law issued by Royal Decree No. M/51 dated 13/8/1433H;

We inform you that the Governor's Decision No. (126/م ش ت) dated 8/6/1444H has been issued, which includes the amendment of Article (8) of the Executive Regulations of the Companies Financing Control Law to read as follows:

"Subject to the provisions of the Companies Law, the minimum paid-up capital for a financing company shall be as follows:

1. (200,000,000) Two hundred million Saudi Riyals for a financing company engaged in real estate financing.
2. (100,000,000) One hundred million Saudi Riyals for a financing company engaged in one or more financing activities other than real estate financing.
3. (10,000,000) Ten million Saudi Riyals for a financing company engaged solely in microfinance.
4. (50,000,000) Fifty million Saudi Riyals for a financing company engaged solely in financing small and medium-sized enterprises.

The Central Bank may raise or lower the minimum capital requirement according to market conditions or if it deems that the proposed business model of the financing company, the nature of its activities, or the proposed geographical scope of its activities warrants such adjustment, taking into account the associated risks and their nature. The capital must be fully paid upon the establishment of the financing company."