| Element List | Explanation |
|---|---|
| Introduction | With reference to Company’s announcement on Tadawul on 08/01/1445H )corresponding to 26/07/2023G( with regards to FAS Labs obtaining the Saudi Central Bank’s (SAMA) final approval to license FAS Finance to provide consumer microfinance solutions through financial technology. Arabian Centres Co. (Cenomi Centers) announces that it has received a notification on 19/05/1447H (corresponding to 10/11/2025G) from FAS Labs )in which Cenomi Centers holds a 50% ownership( stating that the Saudi Central Bank (SAMA) has approved the cancellation of the license issued to FAS Finance on 10/11/2025, following the FAS Labs request. |
| Previous Announcement | Arabian Centres Co. (Cenomi Centers) announces latest developments regarding FAS Labs obtaining the Saudi Central Bank’s (SAMA) preliminary approval to establish a Closed Joint-Stock Digital Consumer Microfinance Company (Shariaa Compliant) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-07-26 Corresponding to 1445-01-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Saudi Central Bank (SAMA) has approved the cancellation of the license issued to FAS Finance Company on 10/11/2025. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |