Article 20: Activity Limits

The BNPL company shall not: Charge fees on the consumer, including fees owed to the company, contracted stores, or a third party. This excludes any delay penalties or debt collection fees imposed in accordance with the Debt Collection Regulations and Procedures for Individual Customers 1 . Launch any new products without obtaining prior written non-objection from SAMA. Transact with a consumer under the age of (18) Hijri years. Transact with a foreign consumer who is not a resident of Saudi Arabia, except after obtaining a written non-objection from SAMA. Purchase goods or services in a currency other than the Saudi riyal, except after obtaining a written non-objection from SAMA. 1 SAMA issued a decision on 14/02/1446H to suspend the application of administrative fees that the Company may apply within 1% of the finance amount, or SAR 50, whichever is less.