The Saudi Central Bank (SAMA) licensed new crowdfunding company Themar, a platform connecting SMEs to investors online.
With Themar, seven authorized companies are now offering debt-based crowdfunding solutions in Saudi Arabia.
Through its online funding platform, Themar supports businesses with their local purchases.
Saudi central bank SAMA’s goal is to support the finance sector, boost the efficiency of financial transactions, and market innovative financial solutions for financial inclusion in Saudi Arabia.
The Central Bank is ensuring the importance of dealing financially with the authorized institutions only, and that can be done by checking SAMA official website.
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