Etihad GO Telecom Co. announced that its subsidiary, GO Money, has received final approval from the Saudi Central Bank (SAMA) to provide micro-consumer financing services in Saudi Arabia. The approval was granted on January 28, allowing GO Money to commence operations with a paid-up capital of SAR 20 million.
GO Telecom said the move supports the expansion of the Kingdom’s digital financial services ecosystem and aligns with the objectives of Saudi Vision 2030, as well as the company’s broader strategic direction. The financial impact of the new activity will be reflected in GO Telecom’s consolidated financial statements once GO Money begins operations.
According to Argaam data, GO Telecom’s financing arm had received preliminary approval from SAMA in March 2025 to operate as a micro-consumer financing company. In May, the company also obtained a no-objection letter from SAMA to rename its subsidiary from Hulool Al-Intilaq Finance to Al-Hulul Al-Muntilga, and subsequently completed the incorporation of the Riyadh-based, wholly owned entity with a capital of SAR 20 million.
