Saudi’s small businesses get boost from new SAMA licensing rules

Saudi’s small businesses get boost from new SAMA licensing rules

The minimum paid capital for any company that wishes to practice digital finance intermediation is set at SR2 million while for collection companies it is SR10 million. RIYADH: New licensing rules in the Kingdom should give a much needed boost to small businesses, says finance chiefs.. The Saudi Arabian Monetary Agency (SAMA) this week published new rules which aim to regulate the licensing process for such companies and how they conduct their business.. Egypt's urban consumer inflation falls to 5.1% in March /node/1655931/business-economy. Core inflation, which strips out volatile items such as food, stood at 1.89 percent in March. Core inflation, which strips out volatile items such as food, stood at 1.89 percent in March, easing from 1.9 percent in February, the official statistics agency CAPMAS said.. Egypt introduced a nationwide night-time curfew to try and contain the spread of the coronavirus, which has infected 1,560 people in Egypt and caused 103 deaths..