Saudi Central Bank

Tourism spending in Saudi Arabia saw an annual increase of 23 percent in the first three months of the year, hitting SR45 billion ($12 billion), according to new figures. Data released by the Saudi Central Bank showed that the balance of…
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Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. Data released by the Saudi Central Bank, also known as SAMA, showed that corporate…
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As Saudi Arabia strides forward with its Vision 2030 objectives, the Kingdom’s central bank is at the forefront, driving a host of pivotal initiatives and greenlighting various enterprises in 2024. These actions reaffirm the nation’s…
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Saudi Arabia’s international reserve assets reached SR1.75 trillion ($467.5 billion) in May, the highest in 18 months and an annual 6 percent increase, according to new data. Figures released by the Saudi Central Bank, also known as…
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Saudi Arabia’s finance companies witnessed a 13 percent year-on-year surge in total assets to SR64.2 billion ($17.12 billion) in 2023, newly released data from the Kingdom’s central bank has revealed. The figures show that amid increased…
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Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. Figures released by the Saudi Central Bank, also known as…
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Saudi Arabia’s embracing of open banking has transformed the region’s financial ecosystem, according to a top fintech CEO. In an interview, Abdulla Al-Moayed, head of Tarabut, praised the Kingdom’s central bank for its inclusive…
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Food and beverages transactions helped drive point-of-sale payments in Saudi Arabia to a record SR59.68 billion ($15.91 billion) in March, official data has revealed. Figures released by the Saudi Central Bank, also known as SAMA, show…
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Saudi businesses are set to gain access to new crowdfunding solutions as Hala Payments Co. has received licensing approval from the Kingdom’s central bank to offer debt-based products. The Saudi-based fintech platform offers inbound and…
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Remittances by expatriates in Saudi Arabia grew 28 percent in March as compared to the preceding month to reach SR11.96 billion ($3.2 billion), the highest since 2022, official data showed. The launching of new development projects in…
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