Finance Companies Control law
Art. 11Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A finance company may not:
1. Engage in activities other than finance activities.
2. Acquire, directly or indirectly, other entities engaging in activities other than finance activities.
3. Trade in currencies, gold, precious metals or securities.
4. Trade in real estate.
5. Engage in wholesale or retail trading.
6. Accept call deposit.
7. Accept time deposits or non-banking facilities or opening accounts of all types for its clients, unless
licensed by SAMA. The company shall deposit with SAMA a percentage of the value of the deposits as
specified by the Regulations.
8. Obtain foreign short-term finance without obtaining the approval of SAMA as specified by the
Regulations.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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