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Article 6: Paid-Up Capital

Effective from Jan 01 2024 - Dec 31 2023
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1.Pursuant to the provisions of the Companies Law, the minimum capital for the finance support company shall be as follows:
 
 a)(SAR 2,000,000) for aggregation activity.
 
 b)(SAR 10,000,000) for debt collection service providers.
 
 c)SAMA shall set the minimum capital for the finance support company that engages in other support activities approved by SAMA.
 
2.SAMA may stipulate higher or lower minimum capital based on the prevailing market conditions, or if it deems that the proposed business model or the nature of activities or the proposed geographical scope requires so, taking into consideration the risk profile of the activity.