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Article 63

No: MSHT/82 Date(g): 10/12/2019 | Date(h): 13/4/1441 Status: In-Force
1.The aggregate finance amount provided by a Consumer Microfinance Company shall not exceed double the company’s amount of capital and reserves unless a non-objection letter from SAMA is obtained.
 
2.SAMA may increase the limit on the aggregate finance amount offered by a Consumer Microfinance Company to the extent it deems appropriate, taking into account the financial position of the company, its performance and the market conditions.