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Zain KSA’s fintech wing Tamam secured first micro-financing license in Kingdom

The prominent mobile telecom company in Saudi Arabia, Zain KSA's fintech subsidiary Tamam Financing Company (Tamam) has officially been licensed by the Saudi Central...

Saudi Arabian Monetary Authority gets a new name – Saudi Central...

Under a new law approved by Saudi Arabia's King Salman bin Abdulaziz al-Saud, the Saudi Arabian Monetary Authority (SAMA) will be renamed to Saudi...

Western Union buys 15% stake in Saudi’s stc pay

World’s largest money transfer organization, Western Union has bought a 15 percent stake in stc pay, a digital secure wallet service owned by Saudi...

Saudi Arabia unveils SR20 note to mark G20 presidency

The Saudi Arabian Monetary Authority (SAMA) will launch a Saudi Riyal (SR) 20 banknote, to indicate the occasion of the Kingdom’s presidency of the...

Beware of financial frauds: SAMA warns bank customers

The Saudi Arabian Monetary Authority (SAMA), the central bank, has warned bank customers, citizens and expatriates of the Kingdom about the financial frauds being...

New 5 riyal polymer banknotes unveiled by Saudi Arabia

Saudi Arabia has become the first Arab country to create and distribute polymer banknotes. The Saudi Arabian Monetary Agency (SAMA) declared the release of a...

SAMA provides $13 billion to banks for improving liquidity

Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...
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