“Tamweel” E-portal Approved by Monsha’at
| No: 43104408 | Date(g): 25/7/2022 | Date(h): 26/12/1443 |
Translated Document
Effective from 2022-07-25 - Jul 24 2022
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Further to SAMA Circular No. (41051780) dated 08/08/1441H regarding the "Tamweel" electronic portal approved by the General 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. This aligns with its strategy to enhance the use of electronic channels to elevate service quality in pursuit of Saudi Vision 2030 goals.
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 offered via the portal. 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.