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Article 10: Initial Approval or Rejection

Date(g): 1/12/2021 | Date(h): 26/4/1443

Effective from Dec 01 2021 - Nov 30 2021
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SAMA informs the applicant of the initial approval or justified rejection within (60) working days from the date the applicant receives notification of application completeness. SAMA’s initial approval shall not be considered a license or permission for companies to engage in Debt-Based Crowdfunding..