SAMA licenses Madark Solutions for BNPL activity
BNPL partners must verify Madark Solutions as SAMA-authorised
Change
SAMA licensed Madark Solutions for Financing to engage in buy-now-pay-later activity, bringing the number of SAMA-licensed finance companies to 74.
Why it matters
The licence adds Madark Solutions to Saudi Arabia’s authorised BNPL finance-company perimeter. Merchants, platform partners and compliance teams must verify BNPL relationships against SAMA’s authorised-institution list before treating a provider as permitted.
Implications
- — Madark Solutions for Financing may provide BNPL activity in Saudi Arabia within the scope of its SAMA licence.
- — Merchants and platform partners using BNPL services in Saudi Arabia must verify Madark Solutions against SAMA’s authorised financial institutions list before onboarding or promoting the service.
- — Compliance teams at Saudi finance and fintech firms must update authorised-provider checks to include Madark Solutions for BNPL counterparty review.
Who is affected
- — Madark Solutions for Financing
- — Merchants and platform partners using BNPL services in Saudi Arabia
- — Compliance teams at Saudi finance and fintech firms
What to watch
- — Licence announcement date: May 10, 2026
- — SAMA authorised financial institutions list
- — Total SAMA-licensed finance companies: 74