Saudi SAMA issues regulations for debt crowdfunding activities

The Saudi Central Bank (SAMA) issued regulations of the debt crowdfunding activities. (AFP)
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Updated 11 January 2021
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Saudi SAMA issues regulations for debt crowdfunding activities

  • The central bank also seeks to attract a new category of investors

The Saudi Central Bank (SAMA) issued regulations of the debt crowdfunding activities, which aim to regulate the licensing provisions for the companies in this field, in line with the Finance Companies Control Law.

These regulations came in line with SAMA’s efforts to ensure financial stability as well as the Kingdom’s ongoing economic development in the light of Saudi Vision 2030.

The central bank also seeks to attract a new category of investors and the owners of small and medium enterprises (SMEs), while ensuring their adherence to the requirements of information security, corporate governance, internal regulation, risk and compliance, and internal auditing, in addition to the introduction of top-notch financing products that meet the investor aspirations.

According to these regulations, the entity which applies for licensing, should have a minimum paid-up capital of SR5 million ($), while the central bank has the right to raise or reduce the minimum capital according to market conditions.


Saudi Absher platform delivers over $5.3bn in annual economic impact 

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Saudi Absher platform delivers over $5.3bn in annual economic impact 

RIYADH: The Saudi government’s Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom’s transition from paper-based government procedures to digital services, according to the Ministry of Interior. 

Speaking to Al-Eqtisadiah, Bandar bin Mashari, assistant minister of interior for technology affairs, said the savings reflect broader efficiency gains from digitization. 

This comes as government services previously delivered through manual, paper-driven processes have moved onto a unified digital platform used by millions of citizens and residents. 

“Absher is one of the oldest platforms that has had a direct impact on strengthening the efficiency of spending and in opening new avenues for providing added value services,” said Mashari. 

He said the platform’s economic impact is closely linked to the government’s digital transformation agenda, which aims to reduce operational costs while improving service delivery across public agencies. 

The assistant minister further stated that the economic impact was at SR17 billion and grew to SR20 billion according to the ministry’s latest data. 

He added that Absher has completed a shift in its financial structure, transitioning from direct state capital funding to a sustainable financing model based on self-generated income. 

Mashari also said the Ministry of Interior is moving to expand its digital capabilities beyond service delivery, with a focus on security and financial protection. 

Authorities are working toward building a secure digital ecosystem designed to combat financial fraud and crime, he said, as digital transactions and online government services continue to expand. 

Absher is the flagship digital services platform of Saudi Arabia’s Ministry of Interior and one of the Kingdom’s earliest large-scale e-government initiatives. 

Launched in 2010, the platform provides citizens, residents, visitors, and businesses with access to hundreds of government services through a unified digital portal and mobile application. 

Its services span civil affairs, passports, residency and visa services, as well as traffic and vehicle transactions, and business administration, significantly reducing the need for in-person government visits. 

Absher is widely used across the Kingdom, handling millions of electronic transactions each month and serving as a core pillar of Saudi Arabia’s broader digital transformation and Vision 2030 agenda.