Riyadh, Saudi Arabia – 26th October

Moyasar Financial Company announced today that it has obtained the Electronic Money Institution (Major EMI) License from the Saudi Central Bank (SAMA), marking a significant milestone in the company's growth journey and reinforcing its position as a leading Saudi fintech company.

The Major EMI License is one of the key regulatory licenses issued by the Saudi Central Bank to qualified financial institutions, providing the regulatory framework for delivering electronic money services in accordance with the Kingdom's regulatory requirements.

Within its approved regulatory scope, an EMI licenses can support a range of digital financial services, including electronic money issuance, digital wallet capabilities, merchant payment services, financial transfers, and other electronic payment solutions operating under the supervision of the Saudi Central Bank.

For Moyasar, this milestone represents a strategic step that strengthens the company's regulatory foundation and expands the opportunities to further develop innovative financial technology solutions that support businesses across Saudi Arabia. It also reflects Moyasar's continued commitment to contributing to the Kingdom's rapidly evolving financial sector while supporting the objectives of Saudi Vision 2030.

Commenting on the achievement, Abdulaziz Al-Shetwi, Co-Founder & Chief Executive Officer of Moyasar Financial Company, said: "Obtaining the Electronic Money Institution (Major EMI) License represents a significant milestone in Moyasar's journey. Beyond the license itself, it reflects our commitment to operating under the highest regulatory standards while continuing to strengthen our capabilities and support the future of financial technology in Saudi Arabia."

Followed by Mashary Alfryyan, Chief Operation Officer at Moyasar:

"This milestone provides a stronger foundation for our future growth and reinforces our ambition to continue developing innovative financial technology solutions that empower businesses and contribute to the Kingdom's digital economy."

Since its establishment, Moyasar has focused on delivering trusted financial technology solutions that help businesses growth while maintaining high standards of security, reliability, and operational excellence.

The company also expressed its sincere appreciation to the Saudi Central Bank for its continued efforts in developing a progressive regulatory environment that encourages innovation, strengthens confidence in the financial sector, and enables Saudi fintech companies to grow responsibly.

As Moyasar continues its growth journey, the company remains committed to investing in innovation, supporting businesses of all sizes, and contributing to the continued advancement of Saudi Arabia's financial services sector.

For Growth Built on Trust.