The central bank is studying three new requests for consumer microfinance licenses, said Bader Al-Otaibi , director-general of supervision of finance companies at the Saudi Central Bank (SAMA). SAMA granted the first consumer microfinance license earlier this January to “Tamam” company, and is preparing to attract more actors in this sector after canceling the installments sale system. During an interview with Asharq News, Al-Otaibi stressed that the bank aims, through ...