Tunis:The Saudi Central Bank (SAMA) has granted a license to Trafileks Company, allowing it to conduct money changing activities across Saudi Arabia. This includes the purchase, sale, and exchange of foreign currencies, as well as the import and export of currencies. With this addition, the total number of licensed money changers in the country has reached 64.
According to Saudi Press Agency, SAMA's decision aims to support the money changing sector by enhancing the efficiency of financial transactions and promoting financial solutions for financial inclusion within Saudi Arabia.
SAMA also emphasizes the importance of dealing only with authorized financial institutions. Information on licensed and permitted financial institutions can be found on SAMA's website.
