The Privacy Policy establishes guidelines and procedures for managing privacy, ensuring compliance with legal requirements, and maintaining privacy in Tala Digital Investment Platform(“Tala”) operations.

This policy adheres to Personal data protection law and Implementing regulations, as well as any other applicable laws and regulations of the Kingdom of Saudi Arabia.

This Privacy Policy (“Policy”) also outlines Tala’s standards and rules when collecting, using, and disclosing your personal data.

Once an account is created on the Tala platform, you agree to our use of your personal data and approve according to the Terms and Conditions use of the Platform Tala, and Transparency and according Disclosure Policy and the Privacy Policy governing the use of your data.

1. Collection of Personal Information:

This Policy defines “Personal information’ as any data we collect or possess about you, your transactions, financial information, or interactions, whether obtained directly or indirectly (via cookies or similar tools). This may also include data obtained from third parties or collected through your use of the Tala Platform.

2. Use of Personal Data:

Tala collects and uses your Personal Data for the following purposes:

1. Keeping you informed about changes or updates on the platform.
2. Conducting market research and surveys to enhance the products and services provided.
3. Evaluating customer suitability for products and services.
4. Performing Know Your Customer (KYC) and Anti-Money Laundering (AML) assessments.
5. Preventing criminal activity, detecting, investigating, and prosecuting criminal activities.
6. Providing services, such as administration, accounting, billing, auditing, and other legal purposes.
7. Generating statistics about Tala’s users and website traffic, without personally identifying users.
8. Sending you updates on related products and services unless you choose to unsubscribe.

3. Sharing of Personal Information:

Tala Platform may share your Personal Information in the following circumstances:

1. Providing a service that requires sharing your information with third parties.
2. Necessary information will be shared with third parties acting on its behalf solely to deliver your service. The parties are prohibited from using it for other purposes.
3. Notifying you of announcements, updates, news, or other information of interest via newsletters or the platform.
4. Sharing your information upon obtaining your permission.
5. Tala also may share your information with entities that provide services to us including companies that provide web analytics, advertising, email distribution, and other services. The use of personal data by such companies is limited to the purpose of rendering the contracted services.
6. Disclosing your personal information if required by any relevant governmental, banking, taxation or other regulatory authority or similar body. We will inform you of such disclosure to the extent permissible.
7. Seeking professional advice, including legal processes, obtaining legal advice, or establishing, practicing, or defending legal rights.

4. Protecting Personal Information

Tala endeavors to safeguard its user’s data from loss theft, unauthorized use, disclosure, or modification. However, Tala cannot warrant the security of any information sent to or stored by the platform because data transmission and storage is not entirely error-free nor completely secure.

5. Updating the Privacy Policy

Tala reserves the right to update this Policy at its sole discretion and recommends reviewing it to stay informed of any changes.

By continuing to use the Tala platform, you agree to the terms outlined in this Policy and confirm your understanding.

If you have any questions or concerns regarding your personal data or our data practices, please do not hesitate to contact us through the provided communication channels on the Tala Platform.