Tabbyt he financial services platform, has secured a Consumer Finance License and a Small and Medium Enterprises (SME) Financing License from the Saudi Central Bank (SAMA), enabling the company to expand its financing offerings in Saudi Arabia by introducing longer-term payment plans for higher-value purchases, while also providing working capital solutions for businesses.
Under the newly granted licenses, eligible customers in Saudi Arabia will be able to finance purchases exceeding SAR 2,000 through installment plans of up to 12 monthly payments, with financing limits of up to SAR 50,000. The new offering complements Tabby’s existing buy now, pay later service, which allows customers to split payments into three or four interest-free installments.
The extended payment plans will be available through a number of merchants registered on Tabby’s platform, including Noon, Fitness Time, Almunajem, IKEA, Almosafer, Almatar, and flynas. The service is currently being rolled out to an initial group of customers and is expected to become available to all eligible users in the coming weeks.
According to the company, the new financing plans are fully Shariah-compliant, operating under the Murabaha financing structure, where the financing cost is agreed upon upfront and remains fixed throughout the repayment period, without compound interest or late payment fees. Tabby will continue offering its existing three- and four-installment plans free of interest and additional charges.
The new payment solutions are designed to support spending in sectors that typically require higher-value purchases, including education, travel, used cars, and short-term rentals. Businesses operating in these sectors will be able to integrate Tabby’s financing option at checkout, giving customers greater flexibility through longer repayment periods.
On the business side, the SME Financing License enables Tabby to provide working capital financing to merchants on its platform, supporting their day-to-day operations while helping them grow and expand their businesses.
The two new licenses build on Saudi Arabia’s rapidly evolving financial regulatory framework. Tabby successfully completed SAMA’s regulatory sandbox program and obtained its Buy Now, Pay Later (BNPL) license in 2025. SAMA grants financing licenses only to companies that meet stringent regulatory requirements covering compliance, security, and customer protection. The move is also aligned with the objectives of Saudi Vision 2030, which aims to expand access to transparent and fair financial services.
Commenting on the development, Hossam Arab, Co-Founder and CEO of Tabby, said: “Tabby helps millions of users take control of their spending and make the most of their money. We’re excited to extend that support to larger purchases that require more thoughtful financial planning, whether it’s funding education, furnishing a home, or planning a holiday. This expansion responds directly to customer demand, giving them the same tools to manage their spending with greater flexibility.”
Today, Tabby serves more than 25 million registered users and partners with over 65,000 businesses and brands across the Gulf Cooperation Council (GCC) The new licenses further strengthen the company’s position in Saudi Arabia its largest market and support its expansion into higher-value financing segments.
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