| Release Date: | 1446-04-14 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Validity: | Valid |
| Summary: | By AI The Saudi Central Bank has issued new rules to regulate crowdfunding activities related to debt, based on its powers under the Central Bank Law and the Financing Companies Control Law. The rules include important definitions, licensing conditions, internal organization requirements, and supervision and compliance obligations. Crowdfunding by debt is defined as the collection of funds from participants through a platform to finance enterprises. Engaging in this activity requires obtaining a licen... |