Saudi Arabia’s first homegrown fintech unicorn, Tamara has received a restricted finance licence from the UAE’s Central Bank to operate in the country.
Backed by PIF’s Sanabil Investments, Tamara serves over 20 million customers and partners with major brands, including Apple, SHEIN, IKEA, and Amazon.
The approval also follows its $2.4 billion Shari’ah-compliant funding to grow credit and payment services across the Gulf.