Saudi Fintech Tamara Secures Central Bank of UAE Licence

Saudi Arabia–based fintech company Tamara has obtained a restricted finance licence from the Central Bank of the UAE (CBUAE), positioning the company for enhanced operations and growth within the United Arab Emirates. The regulatory approval empowers Tamara to broaden its service portfolio in the UAE, enabling deployment of additional consumer-credit and digital-payment offerings under the supervision of the CBUAE. "This milestone fundamentally strengthens our entire operation in the UAE and serves as the catalyst for our ambitious future here," said Yamen Fakhreddine, CEO of Tamara UAE. "The path is now clear to achieve our mission to help people own their dreams by building the most customer-centric financial super-app in the world." The announcement follows Tamara’s recent achievement of a $2.4 billion asset-backed financing facility and highlights its continuing expansion across the Gulf’s digital-finance market.