Muhlah gets license to provide micro consumer financing through fintech

Logo of Muhlah

The Saudi Central Bank (SAMA) has officially granted a license to Muhlah to provide micro consumer financing through financial technology (fintech), marking Muhlah as the 68th licensed finance company in the Kingdom of Saudi Arabia.

Muhlah’s licensing reflects SAMA’s ongoing commitment to advancing the financial sector, driving economic growth, and fostering innovation through digital transformation. This milestone is intended to enhance financial inclusion, ensuring broader access to flexible and tailored financing solutions, with a particular focus on serving underserved and non-bankable communities.

Expressing its appreciation for the guidance and support offered by the Saudi Central Bank throughout the licensing process, Muhlah reaffirmed its dedication to regulatory compliance, sustainable development, and the continual improvement of customer and partner satisfaction. By harnessing advanced fintech capabilities, the company aims to strengthen financial sector resilience, contribute to long-term economic sustainability, and empower individuals and households with greater financial independence.