Book traversal links for Article 63
Article 63
Effective from 2019-12-10 - Dec 09 2019
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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. |