The Saudi Central Bank (SAMA) has given licence to a new debt-based crowdfunding company - Themar - to launch its operations in the kingdom. 

 

With this, the total number of firms offering debt-based crowdfunding solutions in Saudi Arabia has risen to seven, reported SPA.

 

This decision reflects Sama's endeavour to support the finance sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia, it added.