“Tamweel” E-portal Approved by Monsha’at
| No: 43104408 | Date(g): 25/7/2022 | Date(h): 26/12/1443 |
Translated Document
Further to SAMA Circular No. (41051780) dated 08/08/1441H regarding the "Tamweel" electronic portal approved by the Public Authority for Small and Medium Enterprises "Monsha'at", which encourages financing entities to provide services to entrepreneurs and owners of micro, small, and medium enterprises (MSMEs) through the portal, SAMA remains committed to enabling the financial sector to support the growth of the private sector and its strategy to enhance the use of electronic channels to improve the level of service quality to achieve the objectives of Saudi Vision 2030.
Accordingly, SAMA reiterates the encouragement to provide services to entrepreneurs and MSME owners through the "Tamweel" electronic portal approved by "Monsha'at," to benefit from the services provided through it. Financing entities are also urged to process applications submitted through the portal within specified timelines, include information about rejected financing requests along with the reasons for rejection, and forward them to the portal.