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Article 4: General Provisions

Effective from Jan 01 2024 - Nov 30 2021
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1-Debt-Based Crowdfunding activity shall not be carried out except after obtaining a license from SAMA in accordance with the Law and these Rules.
 
2-The Debt-Based Crowdfunding license application shall be submitted to SAMA in accordance with the Finance Companies Control Law and the requirements, guidelines and procedures set forth herein and as per the instructions issued by SAMA in this regard from time to time.