1- The terms and phrases mentioned in these Rules shall have the same meanings stated in the Finance Companies Control Law.

2- The following terms and phrases, wherever mentioned in this document, shall have the meanings assigned to them unless the context otherwise requires:

SAMA: The Saudi Central Bank.

Law: Finance Companies Control Law.

Rules: The Rules Governing BNPL Companies.

BNPL Activity: A type of financing that allows a consumer to purchase goods or services without a term cost payable by the consumer.

BNPL Company: A joint stock company licensed by SAMA to engage in BNPL activity.

Consumer: Beneficiary of the activity

Stores: Sales outlets and places where goods and services are provided.