Saudi Central Bank

Increased inflows from government-related entities helped banks in Saudi Arabia reduce liquidity pressure in 2023, according to Fitch Ratings. In its latest report, the credit rating agency noted that deposits from GREs surged by 23…
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The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to the previous month to reach SR1.821 trillion ($485.64 trillion), data issued by the apex bank showed on Thursday. The bank's…
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Saudi fintech firm Smart Interaction has obtained a license to provide finance aggregation services in the Kingdom. With approval from the Saudi Central Bank, the company has became the third authorized firm in the country to offer such…
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Saudi Arabia is poised for enhanced precision in its foreign direct investment insights after a revamped methodology unveiled by the Ministry of Investment. The new approach differentiates itself by dissecting individual financial…
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Saudi citizens exhibited a remarkable surge in their savings habits in August, achieving the highest savings rate in over a decade, according to data released by the Kingdom’s central bank, also known as SAMA. Saudi Arabia’s money supply…
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Saudi banks’ new residential mortgage lending recorded a 31.7 percent growth in August compared to July, according to the apex bank. The Saudi Central Bank, also known as SAMA, recently revealed that mortgage lending to houses,…
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Saudi Arabia’s financial system is to benefit from Hong Kong’s expertise thanks to a new deal signed between the Kingdom’s central bank and the Asian powerhouse. Ayman Al-Sayari, governor of the Saudi Central Bank which is also known as…
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Saudi Central Bank, also known as SAMA, has raised its main interest rate by 25 basis points in line with the US Federal Reserve as it seeks to try to counter inflation. The bank raised its repurchase agreement rate by 25 bps to 5.75…
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