Lightning gains early approval for Saudi financing
Buraq Financial Company "Burq" announced that it has received preliminary approval from the Saudi Central Bank to add financing activities to its digital financial services. This step supports its strategy to expand its offerings and develop Sharia-compliant financial products, encouraging its transition from providing digital payment solutions to building an integrated financial platform that includes financing. Burq is the first digital payments company in the kingdom to obtain preliminary approval to offer financing services, and it is committed to completing regulatory procedures and securing final approvals from the Central Bank.
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