By bnm Gulf bureau The value of financing contracts compliant with Islamic Sharia principles rose to SAR2,471.6bn ($659.1bn) by the end of 2024, an increase of 13% compared to 2023, Argaam reported on ...

The draft update comes as part of SAMA’s supervisory and regulatory role over the finance sector, as well as its continuous ...

The Saudi Central Bank (SAMA)seeks public opinion on the draft rules for the "Executive Regulations of the financing ...

Bank Albilad’s board of directors approved the appointment of Nasser Al-Subaie, a non-executive member, as Chairman, and ...

Saudi Central Bank (SAMA) is the central bank of the Kingdom of Saudi Arabia. SAMA is engaged in dealing with the banking affairs of the government; minting and printing the national currency (the ...

RIYADH — The Saudi Central Bank (SAMA) has decided to ban the use of instant messaging applications such as WhatsApp by the local banks for their communications with customers. SAMA noted that ...

These innovative and advanced digital payment solutions align with the objectives of Saudi Vision 2030 to reduce reliance on cash and boost payment digitalization. SAMA will continue expanding payment ...

The sector recorded a 16% year-on-year increase, driven by higher interest income and resilient lending activity.

SAMA reports SAR 12.6 billion in non-cash retail transactions in 2024, up from SAR 10.8 billion in 2023.