Book traversal links for Article 12: License
Article 12: License
Effective from Jan 01 2024 - Nov 30 2021
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1- | SAMA may take any necessary actions, such as making on-site visits, meeting the Company’s executives and reviewing its regulations, procedures and records, to verify that the Debt-Based Crowdfunding Company has met all SAMA’s requirements. |
2- | Upon the fulfillment of all requirements and completion of all procedures, SAMA will issue a decision granting the applicant a license to engage in Debt-Based Crowdfunding. |
3- | The Debt-Based Crowdfunding Company shall not engage in any other activity that the Company is not authorized to practice, unless SAMA’s approval is obtained for such activity. |