Establishing a finance company in Saudi Arabia involves steering a complex legal framework designed to promote financial stability, protect investors, and ensure compliance with regulatory requirements. Explore here legal considerations to address when setting up a finance company in Riyadh: Regulatory approval and licensing: Obtaining regulatory approval and licensing from the Saudi Arabian Monetary Authority (SAMA) is a fundamental requirement for finance companies. SAMA regulates and supervises financial institutions to maintain stability and integrity in the financial system. Applicants must meet specific criteria, including capital requirements, corporate governance standards, and operational policies outlined by SAMA. Corporate structure and registration: Selecting an appropriate corporate structure, such as a joint-stock company (JSC)…