SAMA licenses Dufaa Company for consumer finance
Consumer-finance partners must verify Dufaa as SAMA-authorised
SAMA
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Change
SAMA licensed Dufaa Company for Financing to provide consumer finance, bringing the number of SAMA-licensed finance companies to 73.
Why it matters
The licence adds Dufaa Company for Financing to Saudi Arabia’s authorised consumer-finance provider perimeter. Merchants, platform partners and compliance teams must verify consumer-finance relationships against SAMA’s authorised-institution list before treating a provider as permitted.
Implications
- — Dufaa Company for Financing may provide consumer finance in Saudi Arabia within the scope of its SAMA licence.
- — Merchants and platform partners using consumer-finance services in Saudi Arabia must verify Dufaa 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 Dufaa Company for Financing for consumer-finance counterparty review.
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