SAMA licenses Al-Annaya Al-Yatmania to provide finance aggregation services

The Saudi Central Bank (SAMA) licensed Al-Annaya Al-Yatmania Co. to provide finance aggregation services, bringing the total number of licensed providers in Saudi Arabia to five.

The decision aligns with SAMA’s efforts to support the financial sector, enhance transaction efficiency, and promote innovative financial solutions to boost financial inclusion, the central bank said in a statement.

SAMA also stressed the importance of dealing exclusively with authorized financial institutions.