Book traversal links for Article 6: Capital
Article 6: Capital
Effective from Jan 01 2024 - Nov 30 2021
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1- | Subject to the provisions of the Companies Law, the minimum capital for the Debt-Based Crowdfunding Company shall be SAR 5,000,000 (five million Saudi riyals). |
2- | Taking into consideration the associated risks and their nature, SAMA may increase or decrease the minimum capital based on the prevailing market conditions or if it deems that the Debt-Based Crowdfunding Company’s proposed business model or the nature of its activity requires so. |