Saudi Central Bank

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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Saudi telecom giant stc Group has obtained official approval for the soft launch of its new banking sector subsidiary, aiming to provide Shariah-compliant fintech solutions. The Saudi Central Bank has given the green light for the beta…
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Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data. Figures released by the Saudi Central Bank, also known as…
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Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data. Figures released by the Saudi Central Bank, also known as…
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Saudi Arabia has urged the International Monetary Fund to prioritize its core activities, emphasizing the need to support initiatives such as rebuilding buffers and reviewing debt and lending policies. Speaking during the International…
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The foreign assets of Saudi Arabia’s commercial banks surged by 22 percent in February, reaching a total of SR347.63 billion ($92.7 billion), compared to the same month of the previous year. This notable increase, as reported by recent…
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