- The Saudi Central Bank revokes the license of FAS Finance for Micro Consumer Financing
- Company submitted a request to cancel the license after completing liquidation and removal from the commercial registry
The Saudi Central Bank (SAMA) has canceled the license granted to FAS Finance for practicing micro consumer financing through fintech services in the Kingdom of Saudi Arabia.
SAMA stated on its official website that the cancellation decision—issued in early September and requested by the company—came after it completed its liquidation procedures and was removed from the commercial registry.
The Central Bank emphasized the importance of dealing only with licensed or authorized financial institutions, and verifying this through its official website.
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