Marana renews Loop license

Al Marabeh Flexible Financing Company announced that it has received approval from the Saudi Central Bank (SAMA) to renew the license of its subsidiary, Digital Payments for Fintech (LOOP), for an additional five years until December 1, 2030. This renewal allows the company to continue providing digital payment services, including electronic wallet management, under the supervision and regulation of the Central Bank, thereby supporting the development strategy of the financial sector and digital transformation in the Kingdom. The company confirmed that the renewal will not directly impact the current financial statements and has completed the registration and board update procedures for the subsidiary.

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