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Saudi Arabia
2021 (5 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Wasl Alkhair
Company Information
Get to know Wasl Alkhair
Wasl Alkhair Finance is a Saudi closed joint stock company, operating under Commercial Registration No. 1010777161 and licensed by the Saudi Central Bank (SAMA) with license number 54/أش/202103. The company's core mission is to support the growth of the SME sector in the Kingdom of Saudi Arabia by providing a range of Sharia-compliant financing products. Their services are designed to be fast, flexible, and innovative, aiming to empower businesses and contribute to the local economy in line with the Kingdom's Vision 2030.
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