Article 9
| No: 2/MFC | Date(g): 24/2/2013 | Date(h): 14/4/1434 |
| Versions (6 versions) |
Effective from 2013-03-08 - Mar 07 2013
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| *1. | Microfinance activity is limited to Financing the production activates of small business owners, crafts people and the like, provided that the finance amount shall not exceed the limit set by SAMA. | |||
| 2. | The licensed Finance Company practicing microfinance shall comply with SAMA requirements, permissions and rules regarding this Finance Activity. | |||
* This paragraph has been amended according to His Excellency the Governor's Decision No. 85/M SH T dated 26/5/1441H.