Financing Companies Violations
Financing companies operate under direct, ongoing oversight from the Saudi Central Bank (SAMA) — and any lapse, even unintentional, in financing contracts, disclosure, or solvency limits can expose the company to sanctions up to license suspension. We help you stay compliant before a violation occurs, and defend you if one does.
The Finance Companies Control Law and its implementing regulations impose precise requirements on financing contracts, customer disclosure, concentration limits, and collection procedures — and most violations flagged by the regulator originate in routine operational procedures that were never reviewed against these requirements.
We work with financing companies to review their contracts and operating procedures before they turn into a regulatory finding, and to organize a structured response when an inquiry or violation notice is received from the regulator.
What we do
SAMA compliance review
Assessing financing contracts and operating procedures against the Finance Companies Control Law and its regulations.
Handling regulatory violations and sanctions
Representation and a structured response upon receiving a violation notice or inquiry from SAMA.
Drafting financing contracts and disclosures
Financing contracts and customer disclosures compliant with regulatory transparency requirements.
Collection governance and procedures
Reviewing collection and default policies to ensure they stay within permitted regulatory limits.
Licensing applications and renewals
Advisory on SAMA licensing procedures, renewals, and amendments to the scope of activity.
Training for internal compliance teams
Practical sessions for compliance and risk teams within the financing company.
When is the right time to get in touch?
- Before launching a new financing product or amending existing financing contracts.
- On receiving a regulatory inquiry or observation from SAMA.
- When applying for a new license or renewing an existing one.
- During a periodic review of operational procedures against the regulation.
We start with a call, not a contract
Half an hour to understand your position — no fee, no obligation.