Saudi Lendo obtains SAMAs’s crowdfunding licence

Saudi Lendo obtains SAMAs’s crowdfunding licence

Press release:

After successfully passing the trial period through the Central Bank's experimental regulatory environment (Regulatory Sandbox) for innovative financial services and products in the Kingdom, the Saudi Central Bank (SAMA) issued the official license to Lendo, the Kingdom's first company specialising in the field of debt crowdfunding that is Shari’ah-compliant.

Osama AlRaee, CEO and Co-Founder of Lendo, confirmed that obtaining the official license is the result of exceptional efforts by the Lendo team, and a reflection of the extent of customers' and investors' trust in the company's work methodology and the level of quality it provides, as well as the reputation it enjoys today as a preferred option for companies and investors seeking always the best solutions.