The Saudi Central Bank (SAMA) announced its decision to revoke the license of Fas Finance Company for practicing consumer microfinance activity using financial technology in the Kingdom.
In a statement, SAMA noted that the revocation was based on the company's letter dated 9/3/1447 AH, corresponding to 1/9/2025, requesting to cancel its license following the completion of the liquidation process and cancellation of the commercial register, and based on the decision of the company's owner on 15/1/1447 AH, corresponding to 10/7/2025, for the liquidation of a dormant company.