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Article Sixteen

No: 7133/99 Date(g): 3/10/2019 | Date(h): 4/2/1441

Effective from 2019-10-03 - Oct 02 2019
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Without prejudice to the Finance Companies Law and its Implementing Regulation, a Microfinance Company shall not:

a. Exercise any activity other than microfinance.
 
b. Finance any of the related parties stated in Clause (1) of Article (56) of the Implementing Regulations for the Finance Companies Control Law.