stc Pay, Saudi Payment ink cooperation agreement
stc pay recently obtained a fintech license from SAMA to operate as an e-wallet
Mubasher - 17-Feb-2020
Saudi Arabian Monetary Authority
Also known as: SAMA Last updated on: 01 February 2018
Gulf International Bank (GIB) officially inaugurates its Operations Centre in Al Khobar
The opening ceremony was attended by His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain, His Excellency Dr. Ahmed bin Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Agency, other government officials and leaders from business and the financial services.
Press Release - 11-Feb-2020Saudi SAMA presents draft bancassurance rules
SAMA noted that the rules aim to expand the scope of distribution and marketing of insurance products through banks
Mubasher - 05-Feb-2020Saudi bank deposits rise 7.3% in 2019
Demand deposits made up 61.2% of the total, growing by 5.6% year-on-year
Mubasher - 03-Feb-2020Saudi SAMA launches licenses for non-bank financial institutions -statement
The move to license financial technology companies was aimed at opening financial services to non-banking actors and supporting development of the national economy
Reuters News - 31-Jan-2020Saudi authority launches licenses for non-bank financial institutions
The announcement comes as part of SAMA's efforts to achieve the objectives of the financial sector development program
The Saudi Gazette - 31-Jan-2020Saudi SAMA: Historic performance of mortgage loans in 2019
Housing loans jumped 3.6 times worth a total of $21.06bln
The Saudi Gazette - 30-Jan-2020Saudi SAMA launches Investment Immersion Program
The aim of the program is to employ citizens and develop their investment capabilities
Mubasher - 28-Jan-2020SAMA and AMF announce the inclusion of the Saudi Riyal as a Settlement Currency in Buna Payment Platform
Buna is a multi-currency payment platform that clears and settles cross-border payments in eligible Arab and international currencies across the Arab region and beyond, with links to to major trade partners
Press Release - 26-Jan-2020Saudi banks enjoy high solvency - Alinma CEO
SAMA has kept a reasonable financing cost between 3% and 7%, in comparison with the other major economies in the region where interest rates went up to 15-20%.
Mubasher - 22-Jan-2020Find Out More Information
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