Skip to main content
Custom print
Download Original PDF

Article 9: License

No: 450360390000 Date(g): 17/12/2023 | Date(h): 5/6/1445 Status: In-Force

Effective from 2023-12-17 - Dec 16 2023
To view other versions open the versions tab on the right

  1. SAMA takes any necessary actions to verify that the BNPL company meets all SAMA’s requirements. Such actions include making licensing visits; meeting the company’s executives; and reviewing the company’s systems, procedures and records.
  2. SAMA issues a decision granting the applicant a license to engage in the activity after fulfilling all requirements and completing all procedures.
  3. The BNPL company shall not engage in any activity other than the activity for which the license has been issued unless it obtains a prior written non-objection from SAMA.