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Article 57

Effective from 2019-12-10 - Dec 09 2019
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1.The total amount of finance granted to a borrower by a Consumer Microfinance Company must not exceed (SAR 50,000) fifty thousand riyals.
 
2.Notwithstanding the provision of subsection (1) of this article, the total amount of finance granted to a borrower by a Consumer Microfinance Company that carries out its activity using financial technology must not exceed (SAR 25,000) twenty-five thousand riyals.
 
3.SAMA may adjust this amount according to the market conditions or geographical scope of the company.