We are excited to announce that FORUS Financial has officially received a license from the Saudi Arabian Monetary Authority (SAMA). This is a major milestone for our company and for the SME community in Saudi Arabia.
The licensing process is a rigorous one, and it demonstrates FORUS commitment to adhering to the highest standards of compliance, governance and risk management. This license will allow FORUS to operate legally and safely, and provide SMEs in Saudi Arabia with a reliable and accessible platform to connect with potential investors, test market demand, and raise capital.
This license is a testament to the dedication and hard work of our team, and we are proud to be one of the first companies in the Kingdom to be granted a license in this field. With this license, FORUS is now fully authorized to provide crowdfunding services to SMEs in Saudi Arabia.
This is a great news for SMEs in the kingdom as it will provide them with more options to raise capital, test market demand and grow their businesses. Crowdfunding is a flexible and transparent fundraising option that allows entrepreneurs to set their own fundraising goals and timelines, and communicate with investors throughout the campaign.
With this license, we are now able to offer our services to a wider range of SMEs in Saudi Arabia, and help more entrepreneurs turn their business ideas into reality. We are committed to providing the best service possible and will continue to work hard to support the growth of SMEs in the Kingdom.
We would like to thank SAMA for their support and guidance throughout the licensing process and we look forward to working with them as we continue to grow and improve our services. We would also like to thank our team for their hard work and dedication in making this happen.
We invite all SMEs in Saudi Arabia to take advantage of this opportunity and check out our platform to see how we can help you raise capital and grow your business.