IssuerAnnouncementDetailsV2Portlet
Announcement by Morabaha Marina Financing Company regarding the renewal of the license of its subsidiary, Digital Payment Company (Loop), to conduct payment services activities
| Element List | Explanation |
|---|---|
| Announcement Detail | Morabaha Marina Financing Company announces that the Saudi Central Bank (SAMA) has renewed the license of its subsidiary, Digital Payment Company (Loop), to conduct payment services activities as a Large Electronic Money Institution (EMI) in the Kingdom of Saudi Arabia, for a period of five years ending on 05/08/1452H, corresponding to 01/12/2030G. The renewal of the license enables Loop to continue conducting its licensed activities in accordance with the applicable laws, regulations, and instructions issued by the Saudi Central Bank. The Company does not expect the license renewal to have any material direct financial impact on the consolidated financial statements of Morabaha Marina Financing Company. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.